Legal and General Mortgage Club strengthens partnership with Ipswich BS

by: Edward Murray
  • 06/02/2017
  • 0
Legal and General Mortgage Club strengthens partnership with Ipswich BS
Legal and General Mortgage club has extended its relationship with Ipswich Building Society to increase the lender’s activity in the new build and shared ownership sectors.

The move gives firms including Key Solutions Mortgages, Metro Finance and IMS, access to Ipswich Building Society’s products.

Ipswich Building Society’s partnership with Legal & General Mortgage Club dates back to May 2015. Since then the regional lender has seen the value of net applications from Legal & General Mortgage Club’s advisers increase by 88%, and the number of cases submitted increase by 53%.

Jeremy Duncombe (pictured), director, Legal & General Mortgage Club, said: “We have been working closely with Ipswich Building Society to support its expansion in the intermediary market. It continues to champion the underserved borrowers, and has widened its distribution across an increasing group of our key intermediaries, including our new build specialists. Borrower needs are increasingly changing, and it is great to be partnered with another lender who is working to help as many people onto the property ladder as possible.”

The expanded partnership deal was also welcomed by Richard Norrington, chief executive officer at Ipswich Building Society.

He added: “It is the right choice for us to continue strengthening our relationships with intermediaries and we are rightly proud of our relationship with Legal & General Mortgage Club. Not only does partnering extend our reach beyond our traditional heartland, but it takes our platform to those who need it most and for whom our manual underwriting approach will continue to offer an alternative. Ipswich Building Society will keep doing the right thing for our intermediaries and borrowers. In part, that means protecting the values of our business now and for future generations. Long may our partnership with Legal & General Mortgage Club continue.”

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