Specialist distributor All Types of Mortgages has partnered with challenger brand Axis Bank.
Axis’s products do not have minimum income requirements, and products for new-build properties are available up to 75 per cent loan-to-value to £500,000 with a manual assessment, no credit scoring and rental calculations on pay rate on five-year products available across London and the south east.
Dale Jannels, managing director at Atom, said that with products catering for houses of multiple occupation, multi-units, expats and limited company ranges - and rates starting from 3.79 per cent with a 1.5 per cent fee - he was happy to promote Axis to their intermediary and broker partners.
“Early feedback suggests Axis is quietly establishing a good reputation for service and broker focus within the market and we are pleased to be working with Andrew and his team.”
Andrew Ferguson, head of buy-to-let mortgages at Axis Bank, responded that Mr Jannels and his team share their views on the importance of service and ensuring brokers and clients are well looked after.
At the start of April, Mortgages for Business commenced an exclusive three-week pilot with Axis, prior to the bank opening its doors to lending via a restricted panel of specialist intermediaries.
Axis came into being after the Prudential Regulation Authority authorised its license around this time last year, along with several others.
peter.walker@ft.com
