Residential lender Secure Trust Bank has joined the panel, not only of Connect for Intermediaries mortgage network but also its packaging arm.
Brokers from the wider market, can use Connect’s packager arm. This will provide DA brokers with access to Secure Trust Bank’s competitive lending to the “unordinary” borrower. Secure Trust Bank’s approach, regarding unusual incomes, means that its place on the panel of Connect for Intermediaries matches well with Connect’s growing reputation, as a leading network and packager for more specialist lending cases.
Secure Trust Bank provides accessible mortgages for the self-employed, contract workers, people with complex incomes, older borrowers, and those with a recently restored credit history, but it lends only through selected intermediaries.
Secure Trust Bank has a genuine desire to lend and treats every case on its individual merits. It takes an individual view to lending to the self-employed, using either their last year’s figures or an average of two or three years, depending upon the circumstances. For the recently self-employed it will even use anticipated income in the right circumstances.
With rates starting as low as 2.39%, financing is typically provided over a term of up to 35 years with fixed interest rate periods of 2, 3 and 5 years. Secure Trust Bank’s purchase and remortgage products currently have a maximum loan to value of 85% and a maximum loan size of £2m.This means brokers using Connect for Intermediaries who have clients with complex incomes now have access to a lender looking for reasons to lend where other lenders may choose not to.
Connect for Intermediaries is a specialist mortgage network and packager. In recent years it has expanded its offering to include a wide-ranging mainstream residential offering. As a result, a number of Connect’s AR’s now have residential permissions to compliment the specialist lending that they do.
Liz Syms, CEO of Connect for Intermediaries says, “The addition of Secure Trust Bank to our panel means brokers that use Connect for Intermediaries will have access to a lender offering unique and affordable solutions both for self-employed clients and those with complex incomes. Connect constantly strives to find partnerships and solutions for brokers, enabling them to provide the best possible customer outcomes.”
Tony Hall, Head of Sales & Marketing of Secure Trust said. “Partnering with Connect for Intermediaries was a logical step for us at Secure Trust Bank Mortgages as their Broker community help clients from across the lending spectrum. We look forward to the new opportunities this partnership represents in our mission to provide residential mortgage products to customers who are underserved by the high street lenders.”