Mortgages Direct is handing over all its non-conforming business to Mortgage Times including sub-prime, buy-to-let and self-cert mortgages.
The broker has taken the decision to utilise the services of the specialist to assist them with this sector of the market.
Mortgages Direct director Peter Gladdy says: “I believe that this sector is becoming more and more important in the current market place. Although both the regulator and the media are expressing an ever-increasing interest in ensuring that borrowers are not put at risk, it is a market that we want to grow, but in a way whereby we ensure that the customer is fully protected.”
The Mortgage Times Group director Chris May says: “There are a lot of synergies between our own and Mortgage Directs approach to both the market and customer service. Were looking forward to a successful working relationship.”