Together+ scheme reaches £1bn pipeline
Together has announced that its Together+ scheme has generated £1bn of applications.
"There’s been a lot of hard work throughout the year to build the proposition and further enhance relationships with key brokers to help them grow their business"
The initiative launched in January to build stronger relationships between the lender and a select group of specialist distributors by providing them with exclusive products, underwriting, sales and marketing support.
Exclusive products included 12-month retained non-regulated residential bridging loans, fixed rate buy-to-let and consumer buy-to-let mortgages, and commercial and semi-commercial bridging products at a monthly rate of 0.85%
The lender also launched two dedicated Together+ underwriting teams and expanded its roving underwriting service and recruited two regional account managers, Paula Purdy and Marylen Edwards dedicated to supporting the Together+ partners.
Nick Jones, Together’s head of specialist distribution, said: “There’s been a lot of hard work throughout the year to build the proposition and further enhance relationships with key brokers to help them grow their business as we grow ours. We’ve focused on a group of firms – many which we’ve worked alongside for some time – and who have clients who are looking for the type of specialist finance products we offer.
“We have provided a bespoke service, including dedicated sales and underwriting teams, as well as marketing support designed to keep our partners and their clients engaged - and this has proved hugely successful.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
FCA
FCA sets out timeline for mortgage rule changes
Santander
Santander joins mortgage price war with new rates from 3.51%
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
FCA
FCA sets out timeline for mortgage rule changes
Santander
Santander joins mortgage price war with new rates from 3.51%
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
FCA
FCA announces new measures to support growth of mutuals sector