"We’re confident that our solutions will meet and exceed the requirements of The Loans Engine’s clients and intermediaries."
- Harsha Dahyea, head of sales and distribution at Quantum Mortgages
The Loans Engine has announced a new partnership with specialist buy-to-let mortgage lender, Quantum Mortgages.
Last month, Quantum made several improvements to its lending criteria, including increasing the maximum LTV available for specialist properties. The lender's complex range – QML Pro, which caters for non-standard properties, HMOs of any size and properties with restrictive covenants, has also seen an increase to the maximum LTV from 65% to 70%.
Other criteria enhancements include freehold properties in Northern Ireland being added to the standard single unit and multi-unit ranges, providing access to loans up to 80% LTV at standard rates, and foreign national applicants now able to access specialist properties.
Steve Nobbs, unregulated mortgages director at The Loans Engine, commented: “We are excited for our new partnership with Quantum Mortgages, which will enable us to continue offering great support and guidance to intermediaries and their clients. We are constantly looking for ways to diversify and expand our offering, and this partnership allows us to do exactly that.”
Harsha Dahyea, head of sales and distribution at Quantum Mortgages, added: “We’re delighted that The Loans Engine has added Quantum Mortgages to their lending panel. Our team are incredibly proud of our existing proposition and unique criteria; we’re confident that our solutions will meet and exceed the requirements of The Loans Engine’s clients and intermediaries.”
