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Connect for Intermediaries adds BlueZest to its panel
08 November 2017
BlueZest, one of the newest lenders to launch, is now distributing its mortgages through Connect for Intermediaries network and packager. Connect is now one of the few distributors to be able to offer BlueZest mortgages for both their own AR’s and DA’s as well as AR’s of some other networks.
This news comes hot on the heels of the announcement that Connect for Intermediaries is one of the few networks to distribute State Bank of India’s products.
BlueZest is offering brokers from Connect for Intermediaries its headline buy-to-let product - an 85% LTV buy-to-let mortgage for properties in the London and South East. This forms just one part of a broader range of new innovative products for the BTL investor however, with rates start from just 3.69% at 60% LTV, with rates between 5.25% and 5.35% at 85% for loans up to £500,000.
What is truly exceptional is that this range of buy-to-let products has no early repayment charges after the first year - even for the five year fixed rates. The mortgages are available for companies, individuals and first time landlords.
BlueZest is also offering an innovative range of short term mortgages. These mortgages, aimed at both landlords and developers, are available for refurbishments, conversions and new builds. BlueZest will advance the funds upfront, secured on a non-development property already owned by a landlord or developer. These short-term mortgages are initially available for periods up to 18 months with rates between 8% and 12%, but, subject to affordability, the borrower can then move seamlessly onto a standard buy-to-let mortgage from BlueZest’s range.
Liz Syms, CEO for Connect for Intermediaries, said: “BlueZest has a truly innovative range of both long and short term mortgages, all developed around the landlord. Connect is really pleased to be one of the very few networks or packagers able to distribute these exciting new products. I am sure our AR’s and the brokers that use our packaging services will equally welcome the opportunity to offer these products, enabling them to place more business and provide yet more solutions to their BTL clients.”
Chris Slater, BlueZest’s Chief Executive, said: “We have begun our launch to market with a small number of very specialised networks and packagers. We wanted to introduce our innovative products through partners who intimately understand and specialise in the buy-to-let market, and Connect for Intermediaries fits that bill perfectly. So we look forward to a long, successful partnership.”
For more information about Connect for Intermediaries please visit www.connectbrokers.co.uk