Norton Finance has become the launch partner for new digital lender, Afin Bank, to support its mortgage proposition.
As part of the partnership, Norton Finance will work with Afin Bank to distribute its mortgage products to advisers across the UK, and support brokers with case placement and packaging for clients who fall outside traditional lending norms.
Afin Bank was created to help underserved customers such as the African diaspora, and other foreign nationals living and working in the UK, to access mortgages. The bank has indicated that its lending products may also be suitable for UK-resident customers who struggle to get mortgages from high street banks, such as self-employed workers.
Co-CEO at Norton Group, Paul Stringer, said: “We are proud to be a launch partner for Afin Bank as it brings a fresh and inclusive approach to the specialist mortgage market. Its criteria fills a significant gap for clients who often find themselves overlooked by traditional lenders, whether that’s due to their residency status, credit profile or employment set-up.”
Intermediary sales director at Afin Bank, James Briggs, added: “Norton’s longstanding track record in helping clients access specialist finance makes them an ideal launch partner for Afin Bank. Our mission is to support borrowers who contribute to the UK’s economic and social fabric but are often excluded by rigid mortgage criteria.
“With Norton’s insight and distribution network, we’ll be able to reach the advisers and clients who will benefit most from a lender that looks at the full picture and not just a credit score.”
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