The club whose members include specialist mortgage intermediaries, IFAs and Legal & General’s business partners, is one of the largest mortgage distribution networks in the country and this new deal ensures that advisers can benefit from Clydesdale’s product range.
Clydesdale is committed to growing its new mortgage business further and the move underlines that commitment. It will expand the bank’s existing presence in the intermediary market, where it offers a dedicated service, particularly around higher value mortgage business and in the buy-to-let sector.
Commenting, Martyn Smith, head of mortgage products at Legal & General Mortgage Club, said, “I am delighted to welcome Clydesdale Bank to the Mortgage Club. Their success in delivering competitive products for higher value mortgage lending is down to their flexibility of approach and willingness to negotiate to ensure they deliver both excellent service and a strong product proposition. Our members now have greater choice with access to an established and well respected player in the mortgage market.”
John Tooth, head of B2B mortgage distribution & strategy for Clydesdale Bank, said, “We are delighted to be joining the Legal & General Mortgage Club. As one of the UK’s largest mortgage networks and with its reputation for quality and service, the Legal & General Mortgage Club provides us with an ideal opportunity to work closely with their members, to give them more choice and to increase our presence in the intermediary market. We are looking forward to working with Legal & General’s appointed representatives over the coming months and years.”
