"We have begun our launch to market with a small number of very specialised networks and packagers."
Connect is one of the few distributors to be able to offer BlueZest mortgages for both their own ARs and DAs as well as ARs of some other networks.
BlueZest is offering brokers from Connect for Intermediaries its headline buy-to-let product - an 85% LTV buy-to-let mortgage for properties in the London and South East.
The lender's rates start from 3.69% at 60% LTV, with rates between 5.25% and 5.35% at 85% LTV for loans up to £500,000.
Its range has no early repayment charges after the first year and products are available for companies, individuals and first time landlords.
BlueZest also offers a range of short term mortgages aimed at both landlords and developers for refurbishments, conversions and new builds. BlueZest will advance the funds upfront, secured on a non-development property already owned by a landlord or developer.
These short-term mortgages are initially available for periods up to 18 months with rates between 8% and 12%, but, subject to affordability, the borrower can then move onto a standard buy-to-let mortgage from BlueZest’s range.
Last month, BlueZest announced a partnership with All Types of Mortgages to offer its 85% LTV buy-to-let product.
Liz Syms, CEO for Connect for Intermediaries, said: “BlueZest has a truly innovative range of both long and short term mortgages, all developed around the landlord. Connect is really pleased to be one of the very few networks or packagers able to distribute these exciting new products. I am sure our ARs and the brokers that use our packaging services will equally welcome the opportunity to offer these products, enabling them to place more business and provide yet more solutions to their BTL clients.”
Chris Slater, BlueZest’s Chief Executive, added: “We have begun our launch to market with a small number of very specialised networks and packagers. We wanted to introduce our innovative products through partners who intimately understand and specialise in the buy-to-let market, and Connect for Intermediaries fits that bill perfectly. So we look forward to a long, successful partnership.”
