Starling Bank acquires buy-to-let specialist mortgage lender, Fleet Mortgages

[Mark Rocks]

Last week, Starling Bank announced its first acquisition, of the buy-to-let specialist mortgage lender, Fleet Mortgages; https://www.starlingbank.com/news/starling-bank-acquires-mortgage-lender-fleet-mortgages/

Fleet Mortgages focuses on providing mortgages to professional and semi-professional buy-to-let landlords, only via mortgage adviser distribution channels.

It's an interesting announcement given that Starling is an online-only bank - do we think this is moving mortgageability into a more innovative space? Definitely seems quite modern and moving away from the typical idea of having to go into an old institution of a bank in order to get your mortgage.

[Guest]

And yet it’s so far taken them over two weeks to open my Limited company as all they keep asking for is for me to prove my source of funds??

Without having bank details I can’t even apply for my remortgage for the first limited company purchase………..

Not impressed so far. 

[pthousingltd]

On 8/5/2021 at 2:12 PM, Mark Rocks said:

Last week, Starling Bank announced its first acquisition, of the buy-to-let specialist mortgage lender, Fleet Mortgages; https://www.starlingbank.com/news/starling-bank-acquires-mortgage-lender-fleet-mortgages/

Fleet Mortgages focuses on providing mortgages to professional and semi-professional buy-to-let landlords, only via mortgage adviser distribution channels.

It's an interesting announcement given that Starling is an online-only bank - do we think this is moving mortgageability into a more innovative space? Definitely seems quite modern and moving away from the typical idea of having to go into an old institution of a bank in order to get your mortgage.

I use starling for my business (not property related) and I have a BTL with fleet.  Fleet is a great lender - they are pragmatic with property that is unconventional.

 

Starling is an exceptional bank - technology led, and you can do everything without having to call them up all the time!

 

A good match in my eyes!

[Ollie Oakley]

On 8/5/2021 at 2:12 PM, Mark Rocks said:

Last week, Starling Bank announced its first acquisition, of the buy-to-let specialist mortgage lender, Fleet Mortgages; https://www.starlingbank.com/news/starling-bank-acquires-mortgage-lender-fleet-mortgages/

Fleet Mortgages focuses on providing mortgages to professional and semi-professional buy-to-let landlords, only via mortgage adviser distribution channels.

It's an interesting announcement given that Starling is an online-only bank - do we think this is moving mortgageability into a more innovative space? Definitely seems quite modern and moving away from the typical idea of having to go into an old institution of a bank in order to get your mortgage.

Interesting......just applied for an account with Starling for my SPV limited company.....could work well!

[EvolutionBlogger]

It can only be a good thing. Starling is an ambitious organisation, and it would be great to have them in the But to Let space

[liz_la]

Late to the party a bit on this one, but will be interesting to see how they go about improving the customer experience on BtL mortgages. It must be where they're headed. What are the big things they could change?