Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Afin Bank Joins Mortgage Advice Bureau’s Lender Panel
Afin Bank, a mortgage lender specialising in lending to under-served borrowers, has joined the lender panel of Mortgage Advice Bureau (MAB). The move means MAB advisers now have access to Afin Bank’s full range of residential and buy-to-let (BTL) mortgage products.
According to the report, Afin Bank provides lending options for borrowers who may not be supported by mainstream mortgage providers. This includes 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 addition of Afin Bank to the MAB lender panel is intended to give advisers greater flexibility in finding mortgage solutions for a wider range of borrower circumstances. Both organisations have stated their intention to help more customers access suitable mortgage products.
For UK letting agents and inventory clerks, the inclusion of Afin Bank’s buy-to-let mortgages on the MAB panel may offer more options for clients with non-standard financial backgrounds or complex income streams.
Source: Mortgage Solutions