Scottish Building Society expands mortgage lending across England and Wales
Brokers in England and Wales now have access to its standard and specialist products.
Scottish Building Society has expanded its mortgage lending, giving brokers in England and Wales access to its standard and specialist products.
The move extends its existing mortgage offer in Scotland and the North of England.
Additionally, the society has launched a professional mortgage offering of up to six times income for eligible applicants.
The product is aimed at professional borrowers, including those in London and the South of England, where higher property prices could affect affordability.
Stephen Brown (pictured), mortgage channels & platforms lead, said: “Assets, pensions and accumulated wealth can tell a fuller story about a client’s financial strength than income alone, and that is the gap our specialist lending is designed to fill.
“By taking a more individual view of affordability, we can help brokers support more clients whose circumstances are strong but do not fit a standard lending model.”
Chris Hunter, chief operating officer at Scottish Building Society, said: “Entering the England and Wales market is a significant step for the Society and reflects growing demand for more flexible mortgage options that help borrowers access the right product for their circumstances.
“Clients do not always fit the boxes lenders build for them.
“We have built our proposition around giving brokers more choice, backed by nearly two centuries of mutual heritage and mortgage underwriting experience and a market leading approach to technology, through MSO originations software.”
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