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Private Label signs up lenders as relaunch nears


Pioneering packager Private Label has signed up several lenders and is nearly ready to launch a range of products including a day one remortgage loan, Mortgage Strategy understands.

Earlier this month this magazine revealed that Brightstar had bought the rights to Private Label and was planning to relaunch the firm this summer.

Kent Reliance will back the day one remortgage product. This will let customers remortgage their buy-to-let property before the usual six-month period and raise funds within a day of completion.

Private Label has also signed up Castle Trust to back an product for landlords wanting to let their properties on a short-term basis through websites like AirBnB.

Saffron Building Society will underwrite a new self-build product aimed at high new worth clients building bespoke properties.

Sources close to Private Label say the product will be the cheapest self-build product on the market.

Private Label is also set to launch a process where a panel of building societies including Family, Mansfield, Bath and Penrith are sent residential mortgage enquiries and promise to respond within 48 hours.

A spokesman for Brightstar confirmed it would be launching Private Label imminently.

Private Label was known in the 1990s and early 2000s for thinking up new mortgage ideas and finding lenders to back them.

Private Label was founded by mortgage veteran Stephen Knight in 1990 and was bought by GMAC-RFC in November 1998. It was closed to new business in October 2002 and was transferred to Fortress’s arm Paratus AMC when it bought GMAC’s UK mortgage assets in 2010.



Exclusive: Private Label to return this summer

Former pioneering packager Private Label is being revived to target a perceived lack of innovation in the mortgage market, Mortgage Strategy understands. Private Label was known for thinking up and launching clever mortgage products in the 1990s and early 2000s. It was founded by mortgage veteran Stephen Knight in 1990, was bought by GMAC in […]


Secure Trust Bank to offer resi mortgages through Brightstar

Secure Trust Bank, which launched into the residential mortgage market through Mortgage Advice Bureau last month, has partnered with Brightstar Financial. Brightstar will offer the full range of Secure Trust Bank residential products, which have been developed to support individuals such as the self-employed, contract workers and those with complex incomes or who have experienced […]

Brightstar promotes mental health awareness through charity partnerships

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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