New Street Mortgages has broadened its buy-to-let distribution to Legal and General’s DA Nouveau tranche of the mortgage club in the initial stage of the partnership.
The move follows New Street’s February pilot launch into the buy-to-let market with London and Country, John Charcol and the LSL mortgage networks, Pink and First Complete.
The lender plans to roll out distribution fully by the end of 2016 and is offering brokers a procuration fee of 0.5% on buy-to-let deals.
David Finlay, distribution director, at New Street parent Northview Group, said: “Nouveau has a strong proposition, encompassing firms that maintain a commitment to a high standard of risk and compliance controls. We are pleased to have aligned with the Club’s strong and influential position in the market and look forward to delivering our modern, digital approach to lending to a growing number of intermediaries.”
Jeremy Duncombe, director, Legal & General Mortgage Club said: “This partnership serves to strengthen Legal & General’s position in the intermediary lending market as a trusted, go-to distribution partner. It’s ethos of empowering brokers aligns with our approach, and the partnership will aid us in continuing to provide a broad range of products through our partners to borrowers across the market.”
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
