Legal & General Mortgage Club will initially offer Fleet’s range of buy-to-let mortgage products to its appointed representative, Nouveau and MAB firms when they are launched in mid-November. It expects to roll its products out to other key account firms and the wider directly authorised market shortly afterwards.

The Fleet Mortgages product range will be tailored to experienced landlords and property investors and will also target a number of buy-to-let areas which it believes are currently underserved. These include loans to limited companies and finance for Houses in Multiple Occupation (HMOs).

Legal & General Mortgage Club joins Fleet’s distributor panel which currently contains six other firms announced last week. Fleet is in final negotiations with a number of other distributors and further announcements will be made shortly.

Fleet Mortgages is a new lender based in Fleet, Hampshire and is led by Bob Young (pictured) as chief executive officer. It will lend exclusively through the intermediary sector.

Young said: “It is very pleasing to be able to announce Legal & General Mortgage Club as the latest distributor to join the Fleet Mortgages panel. We’re well aware of Legal & General’s strong and influential position within the marketplace and the quality of its business, and are therefore particularly excited to bring them on board pre-launch.

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“We remain on schedule to launch during November and this new arrangement and relationship means most Legal & General Mortgage Club members will have access to our products from the start.”