SimplyBiz, Shawbrook and Allica add new members to their panels

SimplyBiz Mortgages, Shawbrook Bank and Allica Bank have welcomed new additions to their panels.

SimplyBiz Mortgages

SimplyBiz Mortgages has added Castle Trust Bank to its lender panel.

Its members will now have access to the bank’s bridging, BTL and term lending solutions for property investors.

Its interest-only 10-year term range of mortgages, called TermTen, features up to 75% LTV, initial fixed rates for two, three or five years, and the ability to be linked to a bridging loan to provide a guaranteed exit option at the outset, should it be needed.

Makayla Everitt, head of SimplyBiz Mortgages, said: “We are very pleased to add Castle Trust Bank to our panel. 

“Alongside the solutions it brings to the rapidly growing BTL sector, it can also lend across holiday lets, MUBs, refurbishment, and HMOs, and will consider first-time landlords.  

“This breadth of offering means the bank delivers real choice for those looking to secure deals for their clients, and we look forward to working closely with its innovative team in the future.”

Rob Oliver, director of sales at Castle Trust Bank, added: “We’re delighted that we’ve set up this important partnership with SimplyBiz Mortgages and are looking forward to sharing our comprehensive short- and long-term BTL proposition with even more brokers.”

Shawbrook Bank

Shawbrook Bank has added Newable Finance as a new strategic broker partner to its property finance division’s panel.

The bank’s strategic partnership programme recognises brokers with the highest quality of applications and successful conversions.

Terry Wolfendale, head of regional broking at Newable Finance, said: “Having worked closely with Shawbrook Bank since October last year, we have formed a strong relationship and are proud to be named as the latest member of its strategic partner panel. 

“This partnership, and how quickly we have achieved this status, demonstrates our clear commitment to the property finance market, and we look forward to the additional support we can provide thousands of customers in the years to come as a result.” 

Gavin Seaholme, head of sales at Shawbrook Bank, added: “Newable Finance’s customer-focused approach and expert knowledge of the property finance market is well aligned with Shawbrook, and will be a great asset to our strategic partnership panel.”

Allica Bank

Allica Bank has added VAS Panel to its valuation database for commercial property finance loans.

The service will be used on loan security valuations to ensure the most relevant third-party RICS-qualified surveyors are instructed based on location, deal type and value.

VAS Panel will also operate quality control processes to aid the bank when making lending decisions, as well as provide detailed monthly reports on all activity. 

Nicola Tunney, head of operations at Allica Bank, said: “We’re delighted to be partnering with VAS Panel to help more established SMEs access commercial mortgages. 

“The effects of Covid have made accessing loans more challenging than ever and we’re focused on supporting SMEs looking to grow with the finance they need to do so.

“With our combination of local relationships and technology, backed up with the expertise and professional service of VAS Panel, we’re able to deliver an efficient and reliable experience at a time when many banks have been slow to react, or are letting SMEs down.” 

Gina May, co-founder of VAS Group, added: “Allica Bank understands exactly how tailored expertise, local relationships and technology can benefit the customer by improving service, efficiencies and outcomes. 

“It is a shared ethos, which is why we have been selected to provide national valuation panel management services.

“We have invested heavily in our team, offices and technology over the past 12 months, despite the pandemic, and the new partnership is a result of our commitment to continuously develop. 

“We are increasingly assisting clients in the term loan space and look forward to a long and successful partnership.”

Leave a comment