Legal & General has one of the biggest mortgage clubs in the country which acts as a one-stop-shop for mortgage advisers to access lenders. With over 10,000 members who are either directly authorised or appointed representatives of the mortgage network, the Legal & General Mortgage Club has the weight to negotiate the best exclusive deals with lenders.
Commenting on the tie-up Duncan Crocker, Managing Director of Intermediary Distribution at Legal & General said: "John Charcol is a leading light in the mortgage industry, very well respected and hugely successful. This agreement offers us significant opportunities for expanding distribution and gives John Charcol's clients access to the UK's leading protection provider. It is a very welcome addition to our expanding partner group.
"Protection advice has never been more important and it is vital that advisers make their clients aware of the pitfalls of not being protected. The credit crunch has also made people focus on what they have got to lose, so protection can help provide valuable peace of mind. Of course, it also means improved revenue streams for the adviser, if they can sell protection alongside a mortgage."
Walter Avrili, product director at John Charcol, commented: "We are pleased to have signed this agreement as we believe it will offer our clients excellent protection at competitive rates. This is another step in a relationship that has lasted some 20 years and we are looking forward to working closely on product innovation for both insurance and mortgages, with the Legal & General Mortgage Club."
