SimplyBiz and FIBA launch specialist initiative offering exclusive arrangements to brokers
SimplyBiz Mortgages has partnered with the Financial Intermediary and Broker Association (FIBA) to launch industry initiative, the ‘Specialist Property Finance Club’.
The initiative aims to enable easier access to a range of commercial lending products, including bridging loans, development finance, commercial mortgages and specialist buy-to-let, from a select number of FIBA partners.
It will offer the opportunity to benefit from exclusive arrangements and enhanced procuration fees, alongside exclusive access to some specialist lenders, and their products, that previously may have not been available to all brokers.
The launch will take place with 12 lenders from the FIBA partner panel, which have undertaken the relevant due diligence process and been selected to provide the full range of commercial property finance.
The club will then onboard further lenders over the next 12 months.
Martin Reynolds, chief executive of SimplyBiz Mortgages, said: “As many firms have taken the opportunity to diversify over the past 12 momentous months, we are excited to bring a unique opportunity to market, through our relationship with sister association FIBA.
“SimplyBiz Mortgages members now having the ability to access to a number of lenders specialising in this highly defined lender area, who can offer a variety of solutions for their client requirements will add another strength to their proposition.
“Whilst some of the lenders who are part of the launch of the club, will be familiar to our members, others could potentially be new and therefore offer new and innovative solutions for client requirements.”
Adam Tyler, executive chairman of FIBA, added: “The demand across the SimplyBiz Mortgages membership for access to the lender partners at FIBA has meant that the creation of the Specialist Property Finance Club was important at a time when there has been such a growing interest in the sector”
“This new innovation from SimplyBiz Mortgages and FIBA has been embraced by the launch lenders, with the ability for a wider intermediary community to introduce new customers supported by specialists in the commercial sector”