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BuildStore joins forces with PMN

Under the terms of the relationship, which formally came into effect yesterday, PMN&#39s membership will be able to offer access to BuildStore&#39s range of market-leading BuildLoan self-build and renovation mortgage products.

Members will receive a minimum payment of £250 for every successful case that completes with BuildStore. A maximum commission of 30% is available.

PMN managing director, Dale Knight, says: “I am delighted to have teamed up with an innovator such as BuildStore, self-build mortgages are becoming increasingly popular throughout the UK, yet many professional advisers still don&#39t know what avenues are open to them and their clients when niche finance is required on a particular deal.

“Our goal is to be able to meet the needs of our members at every juncture, regardless of whether there is a need for mainstream products something of a more specialist nature. Our new relationship with BuildStore meets this commitment and bodes well for all parties, particularly our members.”

John Hay, director of product development at BuildStore, says: “Like all lenders, we are keen to expand our distribution. The key to growing our brand is working with the right kind of partner. In PMN, I believe we have found a network that is committed to its AR member and lender partners in equal measure.

This is a rare commodity in the distribution world and it&#39s a major reason why we are very happy to be forming a new relationship with PMN.

A product guide and an education pack on the intricacies of undertaking self-build projects are to be distributed to PMN&#39s membership in due course.

Knight added: “I would encourage all PMN members to take a good look at the quality of the BuildStore proposition. Raising a mortgage for a self-build project is not as difficult as people think it is.

“The key is to find a lender that understands this niche market and is willing to support the consumer and their mortgage adviser. From what I have seen already, BuildStore more than meets this need.”

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