Brightstar will offer the full spectrum of packaging products to L&G mortgage club’s members. The L&G Mortgage Club is the biggest club in mortgage distribution and supports thousands of directly authorised mortgage brokers.
L&G Club members will be given access to Brightstar’s lending hub, which offers exclusive and semi-exclusive specialist products for residential and buy-to-let mortgages, second charge mortgages, unsecured loans, short-term lending, commercial and development finance.
Club members will also have access to Brightstar’s Private Label brand, which launched on 4 July with a range of specialist products. They include the Mortgage Tailor focused on bespoke products, the day one remortgager, the temporary letter for short-term lets and the self-builder supporting self-build clients.
Brightstar Financial chief executive officer Rob Jupp said: “We are delighted to join L&G’s packaging panel. It has been one of the most rigorous due diligence processes that we have ever participated in, so we were delighted when we received communication that we will be working with its members.
“Partnering with one of the UK’s leading mortgage clubs is a huge boost for our business and we look forward to working with many of its members in the years ahead, and assisting them in developing additional income and value through specialist lending.”
The appointment is the latest step in a landmark year for Brightstar as it remains on course to pass £1bn in specialist lending during 2017.
Jeremy Duncombe, director, Legal & General Mortgage Club said: “Providing a choice of good quality partners is vital to us, and we are therefore very pleased to be working with a high profile firm such as Brightstar.”