The Right Mortgage & Protection Network has added specialist lender Afin Bank to its panel, giving member firms access to residential and buy-to-let mortgage products aimed at borrowers with more complex circumstances.
The appointment, announced on 19 March, means advisers in the network can now place business with the England and Wales-based digital bank, which operates across England and Wales including the Isle of Wight.
Afin Bank’s proposition is aimed at borrowers who may fall outside more conventional lending criteria, including foreign nationals, professionals, self-employed applicants and clients with complex wealth profiles.
Its residential range includes lending of up to 95% loan to value, with borrowing of up to six times income for qualified professionals. The lender will also consider experienced contractors from the start of a new contract, self-employed borrowers with one year’s accounts and capital-raising cases.
On the buy-to-let side, Afin Bank lends up to 75% loan to value and will consider first-time buyers, landlords and consumer buy-to-let borrowers, with no minimum income requirement.
The bank also offers a high-net-worth proposition using a bespoke affordability assessment that takes account of assets, investments and mixed income streams, targeting clients who are asset-rich but income-light.
Victoria Clark, head of lending at The Right Mortgage & Protection Network, said: “We are always looking to expand the breadth of options available to our member firms, particularly when it comes to lenders that recognise the diverse financial circumstances many clients have today. We’re therefore very pleased to welcome Afin Bank to our lender panel.
“Afin Bank’s flexible mortgage offering and its focus on supporting clients such as foreign nationals, first-time buyers, professionals, self-employed and landlord borrowers will provide advisers and firms within our network with additional solutions when placing business.
“We look forward to building a strong relationship with the Afin team and seeing the positive impact this partnership will have for our members and their clients.”
John Smith, senior business development manager from Afin Bank, said: “The Right Mortgage Network has built a strong reputation for supporting high-quality advisers and delivering great outcomes for brokers and their clients. We are delighted to be launching with such a well-respected network.
“At Afin Bank our focus is on building strong relationships with brokers and providing flexible lending solutions backed by a responsive and knowledgeable team.
“Partnering with The Right Mortgage allows us to work closely with a forward-thinking community of advisers, and we look forward to supporting their brokers with solutions that help them place more cases and grow their businesses.”
