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Secure Trust Bank partners with SimplyBiz

Tom Belger | 15:03 Tuesday 12th September 2017

Secure Trust Bank's mortgage arm has agreed a partnership with the SimplyBiz Group.

The partnership will allow SimplyBiz's mortgage club members to access Secure Trust Bank's full mortgage range.

Secure Trust Bank launched its mortgage division earlier this year to support residential customers who were underserved by the traditional high street lenders.

The specialist bank's mortgages are typically provided over a term of up to 35 years with fixed interest periods of two, three and five years.

Secure Trust Bank's purchase and remortgage products currently have a maximum loan to value of 85% and a maximum loan size of £2m.

“We have been in discussions with Secure Trust Bank for over a year and have worked with them to develop the proposition ready for roll out to the directly authorised market,” said Martin Reynolds, chief executive at SimplyBiz Mortgages.

“We are delighted to be the first mortgage compliance and business support provider that Secure Trust Bank has partnered with and believe that our members and their clients will benefit from the products and criteria now available to them.”

SimplyBiz supports around 3,500 advisers, all of whom have access to its mortgage club.

Tony Hall, head of sales and marketing at Secure Trust Bank's mortgage team (pictured above), added: “SimplyBiz has more than 10 years' experience in this market and a comprehensive panel of lenders in its club, so we're delighted to become a part of it.”

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