From immediate effect, members of the network will have access to Fleet’s range of buy-to-let products.
PRIMISMortgage Networkhas added specialist buy-to-let lender Fleet Mortgages to its lending panel.
From immediate effect, members of the network will have access to Fleet’s range of buy-to-let products for residential landlords and limited companies, as well as those seeking finance for HMOs.
Vikki Jefferies (pictured) proposition director at PRIMIS, said: “Our latest partnership with Fleet reaffirms our commitment to the buy-to-let market.
“Fleet has already enjoyed success as part of the PTFS lending panel and we hope to mirror this in the rest of the network.
“It is our mission to provide advisers with a variety of products and tools to meet the growing and diversifying needs of landlords and we will continue to evolve our buy-to-let proposition to ensure we remain best in market.”
Steve Cox, distribution director at Fleet Mortgages, added: “Our aim is to always ensure we can support advisers’ buy-to-let clients in a variety of ways.
“Extending our outreach to the rest of the PRIMIS network is therefore paramount in ensuring more brokers have access to the buy-to-let solutions they require to meet a growing customer demand. We look forward to working together with PRIMIS to strengthen this market further.”
Fleet lends up to 80% loan-to-value for individuals and limited companies and for both residential properties and HMOs.
It has a maximum portfolio lending amount of £5m, doesn’t stress test the background portfolio, business plans and doesn’t require cash flow statements.
Its criteria also includes an unlimited number of properties in the background for portfolio landlords and product transfers are available on all products written on or after 9 April 2019.
Recently PRIMIS has partnered with Holloway Friendly and has launched a marketing portal.