Mortgage News
Loughborough BS joins Legal & General Mortgage Club lender panel
Guest Author:
Noora IsmailLegal & General Mortgage Club has added Loughborough Building Society to its lender panel allowing advisers access to its specialist residential and buy-to-let products.
The move will enable advisors at the Club’s Directly Authorised firm to provide tailored solutions to consumers with complex and specialist circumstances.
Available loan size is £500,000 maximum for buy-to-let consumers and £750,000 for residential buyers.
Clare Beardmore (pictured), director at Legal & General Mortgage Club, 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.”
Ashley Pearson, national business development manager at Loughborough Building Society, said: “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.”
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Earlier this year, Loughborough Building Society also joined the later life lending panel of retirement specialist platform Advise Wise. The Society offers a flexible range of later life lending products with no maximum age limits and terms up to 35 years.
Last week, Legal and General held their annual awards ceremony crowning a wide range of lenders and brokers as winners.