Previously, L&G Mortgage Club’s highest level of monthly completions was recorded in October 2018 when £7.1bn of mortgage deals were finalised.
The record month follows a strong year for the club. Lending up to the end of October reached £64.3bn, an increase of six per cent on the same period in 2018.
Kevin Roberts (pictured), director, Legal & General Mortgage Club, said: “We are in a highly competitive mortgage market that has seen lenders widen criteria and drop rates to compete for business.
“This environment has meant borrowers need to rely on the value of advice more than ever and advisers have reacted brilliantly to meet these demands.”
In January, Legal & General Mortgage Club launched its SmartrCriteria search system for its advisers.
The system offers advisers close to 400,000 criteria outcomes from more than 95 lenders across the residential, buy to let and new-build sector.