The partnership will allow the network’s appointed representative (AR) firms to access the society’s diverse range of mortgage products, which include large loans, family assist schemes, shared ownership, buy for university and holiday lets.
The Loughborough recently launched a mortgage origination platform for advisers with an integrated credit decisioning platform. The platform allows advisers to carry out soft credit checks during the decision in principle stage, helping to protect applicants’ credit scores.
The society also has a suite of intermediary-focused affordability calculators, including the most recent addition, a Universal Credit Calculator, to help with the assessment of affordability for clients receiving Universal Credit and other benefits.
The Right Mortgage AR firms can register with The Loughborough to access its full product range, benefit from its online mortgage portal, and explore a comprehensive library of supporting documents.
Victoria Clark (pictured), head of lending at The Right Mortgage & Protection Network, said: “The building society sector continues to push the envelope in terms of product enhancements and innovation, so we are very pleased to announce this new partnership with Loughborough Building Society, who are dedicated to providing the best for both advisers and their clients.
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“Active in a wide range of mainstream and more specialist or niche product sectors, Loughborough offers a range of mortgages that will be suitable for the type of borrowers advisers increasingly see today. Everyone at The Right Mortgage is very pleased to have them on panel and we’re sure our firms will find much to interest them in Loughborough’s product and service proposition.”
Last month, the network made a number of leadership promotions to support its growth.
