Zurich has added 14 lenders to its mortgage panel, with five specialists and several firms with strong regional reputations.
The specialist lenders are One Account, Paragon, Capital Home Loans, Scottish Widows and Build Store. There are eight regionals: Norwich & Peterborough, Portman/Mortgage Works, Chelsea, West Bromwich, Coventry, Leeds & Holbeck, Principality and Ulster Bank, plus Lloyds TSB.
Over 30 lenders were involved in a selection process which measured companies against a range of factors.
Zurich Mortgage Network director Richard Coulson says the firm had a clear idea of what it was looking for from potential partners. The primary focus was on sector expertise, breadth of proposition, service reputation, highly competitive procuration fees and a strong regional presence where appropriate. Potential partners were shortlisted to present their propositions during May, followed by intensive negotiations to determine the final choice. The new lenders will be available from August 1.
“These additional lenders bring our total panel membership to 39, providing our members with a representative whole-of-market offer. We are now developing a number of exclusive deals with new and existing lenders.”