Afin Bank, the mortgage lender specialising in helping underserved borrowers, has added L&C Mortgages to its broker panel.
Afin offers residential and buy-to-let mortgages to customers poorly supported by mainstream lenders because of their circumstances, such as the self-employed and contract workers, people with complex incomes, high-net-worth customers and foreign nationals with a UK work visa.
Unlike bigger providers with restrictive loan criteria and automated affordability models, Afin assesses each borrower’s financial situation and individually underwrites every mortgage.
Anum Mahmood, National Key Account Manager at Afin Bank, explained: “We’re delighted to be working with L&C Mortgages, supporting its advisers and reaching even more borrowers struggling to get a mortgage because they don’t fit the tick box approach of many lenders.
“L&C will have full access to all our mortgages, from our core Prime range through to our propositions designed for the needs of people like qualified professionals and ‘asset rich’ income light’ high-net-worth borrowers. We look forward to building a strong partnership and helping deliver great outcomes for its customers.”
David Hollingworth, Associate Director, Communications at L&C Mortgages, added: “Our advisers are dealing with thousands of enquiries each month, so it‘s crucial that we have as wide a spread of lending solutions as possible for our customers.
“Afin Bank’s ability to take a more flexible and individualised approach will give more options for those with more complex needs, whether it’s high-net-worth, foreign nationals or professionals. We’re therefore delighted to partner with Afin Bank to boost the choices for those that may not fit the requirements of high street lenders.”
Afin Bank launched last year and is backed by WAICA Reinsurance Corporation Plc (WAICA Re), one of the largest reinsurance companies in Africa. It offers a range of residential and buy-to-let mortgages in England and Wales, and FSCS protected savings accounts.
