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BRIGHTSTAR ANNOUNCES PARTNERSHIP WITH AXIS BANK UK

Brightstar Financial has teamed up with Axis Bank UK to help develop and expand its service and to ensure clients are offered whole of market choice.

Axis Bank UK, which is a wholly owned subsidiary of Axis Bank, India’s third largest private sector bank, offers a range of financial services covering large and mid-corporates, retail businesses and buy-to-let mortgages for individuals and limited companies through intermediaries. The bank also lends on a range of property types including HMOs and multi-unit properties.

Brightstar’s specialist lending market knowledge, experience and dedication to the sector makes this collaboration a natural step for Axis Bank UK. The partnership will allow Brightstar to give its intermediaries a greater choice, enabling them to offer a much broader range of options to their clients.

Chris Bramham, Brightstar’s director of specialist mortgages and buy-to-let says, “Clients’ needs are becoming more complex and diverse. As a result, it is becoming increasingly more important that they have a wealth of specialist product options available to them to ensure they get the most suitable deal because, if people have more choice, they are more likely to come into the market. This is reflected in recent figures from the CML which show that specialist lenders, as well as challenger banks, increased their gross lending by 56% in 2015 compared to 2014.

“It is promising to see another specialist lender going from strength to strength, particularly in a period of great national change and in light of recent tax changes. Axis Bank has some strong USPs and, coupled with competitive pricing, this presents a great opportunity for Brightstar to partner with the bank in what has already been a very exciting year.”

Andrew Ferguson, head of buy-to-let mortgages at Axis Bank UK says, “Brighstar’s goals are aligned with our own as we too aim to make it easy for intermediaries to do business with us, by ensuring each case is dealt with on a personal and individual basis.

“This new partnership will also help us to broaden our product distribution and our offering in terms of more competitive and flexible options including complex buy-to-let, while we also continue to focus on delivering a service our clients really value. We strive to deliver a quality service and this partnership with Brightstar will certainly go a long way to helping us achieve this goal”.