As part of the agreement, Legal & General’s Mortgage Club Directly Authorised and Appointed Representatives will now have access to the Cambridge’s comprehensive and competitive product range.
Completely independent, the Cambridge is totally committed to retaining its mutual status and has assets of almost £900 million. In June this year, the Society recorded its busiest month for mortgage loans for the last six years and is poised to launch a high profile campaign designed to reassure borrowers that it has plenty of funds available to lend across the board.
Mark Smitheringale, the Cambridge’s head of sales & marketing, commented, “We’re delighted to have completed this partnership with Legal & General. Its reputation in the financial services industry is second to none and its Mortgage Club is one of the biggest in the UK mortgage market.
“The Cambridge’s products have been available to brokers for some time now; however, joining with partners like the Legal & General Mortgage Club – as well as the recent developments we’ve made to our product range – further reinforces our commitment to the intermediary sector.”
