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24 March 2020

Hanley Economic Building Society has extended its presence within the intermediary mortgage market through its addition to the lending panel of SimplyBiz Mortgages.

Hanley Economic Building Society has consistently grown its volume of intermediary business over the past few years and this panel addition will offer SimplyBiz advisers’ access to the Society’s extensive range of residential, buy-to-let, self-build and retirement interest-only (RIO) mortgages.

For SimplyBiz advisers placing business through Hanley, each case will be looked at on an individual basis by the in-house underwriting team and help will be provided by an intermediary-focused support team all the way through from application to completion.

SimplyBiz Mortgages’ ‘whole of market’ lending panel offers access to a wide range of products and, in addition to traditional lending, has strong relationships with specialist mortgage distributors, providing the ability to access products which offer solutions for complex client requirements.

Founded in 1854, Hanley Economic is one of Staffordshire’s leading mutual building societies. It has 20,000 members and seven branches in Biddulph, Cheadle Hanley City Centre, Newcastle, Longton, Stone and at its Festival Park, Stoke on Trent headquarters.

Sue Pedley, Business Development Manager at Hanley Economic Building Society, commented:

“SimplyBiz is one of the largest and most innovative mortgage clubs in the UK. This is a partnership which makes sense for both parties and allows us to further extend our growing intermediary proposition is an exciting but controlled manner. Such relationships also allow us to continue developing our own product range, evaluating internal/external systems and better managing our criteria in line with the growing demands of SimplyBiz advisers. This is a natural step in the right direction, and we plan to build a long-standing relationship to ensure we are the ‘first alternative’ for SimplyBiz members.”

Martin Reynolds, CEO of SimplyBiz Mortgages, added:

“I am delighted to welcome Hanley Economic BS to the SimplyBiz Mortgages panel. The flexible way in which it works, and its approach to considering the individual circumstances of clients when making important decisions about lending, makes it a good fit for the way in which our members operate.”