Brightstar Financial has partnered with Axis Bank UK to extend its services through intermediaries.
Axis Bank UK provides financial services for large and mid-corporates, retail businesses and buy-to-let mortgages for individuals and limited companies. The bank also lends on a range of property types including HMOs and multi-unit properties.
Brightstar’s director of specialist mortgages and buy-to-let Chris Banham (pictured) says clients’ needs are becoming more complex and diverse.
“As a result, it is becoming increasingly more important that they have a wealth of specialist product options available to them to ensure they get the most suitable deal because, if people have more choice, they are more likely to come into the market,” he says.
“This is reflected in recent figures from the CML which show that specialist lenders, as well as challenger banks, increased their gross lending by 56 per cent in 2015 compared to 2014.
“It is promising to see another specialist lender going from strength to strength, particularly in a period of great national change and in light of recent tax changes. Axis Bank has some strong USPs and, coupled with competitive pricing, this presents a great opportunity for Brightstar to partner with the bank in what has already been a very exciting year.”
Axis Bank UK head of buy-to-let mortgages Andrew Ferguson says the new partnership will broaden the bank’s distribution and offering “in terms of more competitive and flexible options including complex buy-to-let, while we also continue to focus on delivering a service our clients really value.”