Since news broke of the impending launch there has been great interest from introducers, in particular from those with clients looking to purchase or refinance investment property.
Intermediary First director, Justin Marsh, commented:
“The new products look set to stimulate the market. It’s a much needed boost for both investors and financial intermediaries as WLB chose to distribute only through their broker network, reaffirming the value of using a specialist commercial broker.”
The investor product has interest-only options up to 65% LTV of market value and for advances above this there are part-capital repayment options to aid the client’s cash flow position. In addition, owner occupiers will also have flexible repayment options and WLB will accept a range of evidenced income.
To celebrate the launch, Intermediary First introducers will be presented with a bottle of Bollinger Champagne on completion of their first case throughout 2011, in addition to generous commission.
