The lender, owned by National Australia Bank, plans to lend more in the mainstream product market with its £10bn of new lending announced in its last results.
Club members include specialist mortgage intermediaries, IFA s and Legal & General’s business partners.
A spokesman for National Australia Bank-owned Clydesdale, said: “A number of our branches are in the North and the deal allows us to get our products out to a wider national audience. We are also enlisting independent brokers like Charcol as part of this drive. That’s where we are right now, although our strategy could evolve over time.”
The spokesman added: “It’s been a tough few years for the broker market, but in the last few months we’ve seen increasing numbers of intermediary products. The broker market looks like it’s on its way back.”
Martyn Smith, head of mortgage products, Legal & General Mortgage Club, said: “I am delighted to welcome Clydesdale Bank to the Mortgage Club. Their success in delivering competitive products for higher value mortgage lending is down to their flexibility of approach and willingness to negotiate to ensure they deliver both excellent service and a strong product proposition.”
