The mortgage and protection network, Beneficial, has expanded its lender panel to include Reliance Bank. This addition grants Beneficial Network members access to a selection of mortgage products tailored for first-time buyers, key workers, and shared ownership schemes.
Beneficial Network, known for its flat monthly fee structure, allows advisers to retain 100% of the procuration fees and commissions earned. They also ensure a thorough file checking process and offer a broad range of over 90 residential and commercial mortgage lenders, as well as protection, general insurance, and equity release providers.
Reliance Bank, with its heritage as the Salvation Army Bank since 1890, continues to support charitable efforts by donating a significant portion of its profits to The Salvation Army International.
Mat Rees, CEO of Beneficial Network, welcomed the addition: “We are thrilled to have Reliance Bank on our panel,” he said. He highlighted the importance of the bank’s products for key market segments and praised Reliance Bank’s commitment to social impact and customer service.
Gareth Byrne, head of mortgages at Reliance Bank, expressed his enthusiasm: “I am delighted that we have joined Beneficial’s lender panel,” he stated. He underscored the value of offering socially responsible banking options through Beneficial’s network.
