Five new specialist lenders have joined:
- One Account – offset/current account experts
- Paragon – buy to let specialists
- Capital Home Loans – buy to let specialists
- Scottish Widows – professional/graduate mortgages
- Build Store – self build mortgage providers
Alongside nine lenders with strong regional reputations:
- Norwich & Peterborough – South
- Portman/Mortgage Works – South
- Chelsea – South
- West Bromwich – Midlands
- Coventry – Midlands
- Leeds & Holbeck – North
- Lloyds TSB (Scotland) – Scotland
- Principality – Wales
- Ulster Bank – N Ireland
More than thirty lenders were involved in the original selection process, which measured companies against a range of factors, including their product offering, quality, readiness for regulation, capacity and financial offer.
Richard Coulson, Director of Zurich Mortgage Network explains the rationale behind the decision to choose the final 14: “Having gained an understanding of what was important to our network members through discussion, we had a very clear idea of what we were looking for from potential partners. Our primary focus was on sector expertise, breadth of proposition, service reputation, highly competitive procuration fees and a strong regional presence, where appropriate. The selection process was tough, with potential partners shortlisted to present their propositions during May, followed by intensive negotiations to determine the final choice.
“These additional lenders bring our total panel membership to 39, providing our network members with a representative whole of market offer. We are now developing a number of exclusive deals with both new and existing lenders and are confident that advisers and their clients will be reaping the benefits of these in the near future.”
The new panel lenders will be available from 1st August.
