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Scarborough to work with mortgage club

Scarborough has signed an exclusive deal with mortgage club Portfoleo.

The society says it hopes to build its presence in the broker market through its relationship managers.

Through Portfoleo, the society will be offering a three-year tracker buy-to-let deal at base plus 0.79% for three years, stepping up to base plus 1.49% for the remainder of the term. The product also offers an arrangement fee of 595 and a maximum LTV of 80%.

The deal signals Scarborough’s emphasis on developing in niche product areas including buy-to-let.

Simon Evans, relationship manager at Scarborough, says: “Intermediaries are critical to our success and we are working hard to build relationships and discover fresh ways of meeting brokers’ needs.”

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