Connect for Intermediaries has struck a deal with Keyzy that will see all of the broker’s network members able to access the firm’s offering.

This follows a successful pilot scheme in April.

Keyzy is a rent-to-own company, which means that it will purchase certain types of property on a client’s behalf and then rent it to said client for a period between three to seven years.

The client will pay rent to Keyzy alongside up to an additional 25%, named ‘converted rent’, which goes towards the future buy-back price of the property – if the client wishes to purchase at the end of the lease (at the original purchase price).

The client can also opt to buy a different property if they wish to, extend their existing lease, or exit the property with any equity gains made.

Keyzy says it can offer six times income in its affordability calculations in some cases.

Connect director of mortgages Jane Benjamin says: “Keyzy adds something really different for our network members to offer to their clients. It is an innovative solution both to help people get onto the property ladder or to make that next move.

“This latest partnership is part of a concerted effort that we make at Connect to give our network members a real edge, by providing access to the widest range both of mainstream and specialist lenders as well as more innovative solutions such as that provided by Keyzy.

And Keyzy co-founder Simon Groll comments: “It has been great to grow and learn with the support of an award-winning network like Connect.

“They have embraced our alternative rent-to-own solution and it has been a pleasure to assist some of their clients… it is the start of a thriving relationship and a real solution for those struggling to buy for the first time, or to step up the property ladder.”