Its advisers can connect with to a range of specialist residential and BTL mortgage products
Legal & General Mortgage Club has announced the addition of Loughborough Building Society to its panel, providing its directly authorised advisers access to the lender’s range of mortgage products aimed at consumers with more complex financial circumstances
The mutual offers buy-to-let products up to a maximum loan size of £500,000 and residential products up to a maximum of £750,000.
“Giving advisers access to more product choice and more specialised solutions is absolutely essential to ensure borrowers get an outcome that is right for them,” remarked Clare Beardmore (pictured left), director at Legal & General Mortgage Club. “It’s also a vital component of the new Consumer Duty’s fair value requirements, which we know are an important priority for advisers.
“Offering Loughborough Building Society’s specialist residential and buy-to-let products to the broker network at Legal & General Mortgage Club will support more borrowers, and also the advisers who serve them.”
Ashley Pearson (pictured right), national business development manager at Loughborough Building Society, added that the partnership with Legal & General would allow them to help more borrowers who otherwise might have been overlooked.
“Working with Legal & General’s team and joining the Mortgage Club panel is a welcome opportunity for us to address specialist requirements in the residential and buy-to-let sectors,” he said.
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