Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Afin Bank Added to MAB Lender Panel
Afin Bank has joined the lender panel of Mortgage Advice Bureau (MAB), according to a report by Mortgage Strategy. This move means that MAB advisers now have access to Afin Bank’s full range of residential and buy-to-let mortgage products.
Afin Bank offers lending options for a variety of borrowers, including self-employed and contract workers, individuals with complex incomes, qualified professionals seeking higher loan to income borrowing, high-net-worth borrowers, and foreign nationals with a UK work visa.
The bank individually underwrites each mortgage and assesses each borrower’s financial situation. This approach applies to first-time buyers, movers, and those looking to remortgage to a new deal.
For letting agents and inventory clerks, the addition of Afin Bank to MAB’s lender panel may be relevant for clients with non-standard income or employment situations who are seeking buy-to-let mortgages.
Source: Mortgage Strategy