Legal & General Mortgage Club has announced the addition of Loughborough Building Society to its lender panel.
Directly authorised advisers looking to place business with Loughborough Building Society via Legal & General Mortgage Club will now benefit from access to its specialist residential and buy-to-let products.
The addition will also give the club’s directly authorised firms’ advisers access to a wider range of specialist mortgage products, suitable for consumers with more complex financial circumstances who may be in need of more tailored solutions.
Legal & General Mortgage Club director, Clare Beardmore, said: “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.
“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.”
Loughborough Building Society national business development manager, Ashley Pearson, added: “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.
“This collaboration will allow us to help more borrowers who otherwise might have been overlooked.”
Loughborough Building Society offers buy-to-let products up to a maximum loan size of £500,000 and residential products up to a maximum of £750,000.
tom.dunstan@ft.com
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