January 2012

Pharmaceutical & General Provident Society launches new online mortgage service for its members

Pharmaceutical & General (PG), the specialist insurer for pharmacy and other healthcare professionals, has announced the launch of a new online buy-to-let mortgage offering and commercial mortgage broking service available for its members.

The buy-to-let mortgage service includes a free online mortgage finder, which enables members looking to purchase a residential property for letting, to compare products from the whole of the market, to find a suitable mortgage for their individual circumstances.

The commercial mortgage service specifically caters for pharmacists, opticians and vets who are looking to purchase or refinance a practice premise, with up to 100% funding available.

Mike Perry, Chief Executive Officer at PG says: “We are delighted to launch our new online buy-to-let and commercial mortgage service. The income protection service that we provide to healthcare professionals has been very successful and we are now looking at ways to broaden our product range to offer more to our members.

“As financially mature professionals, our members may consider buy-to-let property investment as a supplement to their pensions for retirement. The online buy-to-let mortgage service aims to provide members with the most competitive buy-to-let mortgages in the market, whilst helping them choose a product to suit their individual requirements.

They can use the free online buy-to-let mortgage finder to compare products from the whole of the market and get an instant personalised quote.

“There are no broker fees to pay when using the PG Buy-to-let Mortgages service so members could save themselves a considerable amount of time and money. There is also a dedicated telephone support team who can help with any enquiries and will deal directly with the mortgage lender to ensure that applications are processed smoothly from start to finish.

“The service is provided by an award-winning buy-to-let specialist with over 20 years’ experience in the buy-to-let mortgage market. The team has an in-depth knowledge of lending criteria and the products currently available, helping to ensure that members get the most suitable mortgage for them.

“The commercial mortgage service is also provided by an award-winning team and is aimed specifically at pharmacists, vets and opticians who are looking to purchase or refinance their practice premises. The experienced and professional team of brokers can make tailored financial arrangements with providers from the whole of the market, not just high street lenders, to help find the best deal for our members. It is also possible to obtain up to 100% funding and not always necessary for members to transfer their business banking to the provider.

‘We are confident that the new buy-to-let and commercial mortgage services will be of great benefit to our members.’


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