Legal and General Mortgage Club revamps commercial loans proposition

The move comes ahead of the Prudential Regulation Authority’s (PRA) changes to the portfolio buy-to-let sector, which could see advisers having to seek alternative methods of finance for some of their clients.

Paul Hopton, relationship and development manager at Legal & General Mortgage Club, said: “The opportunities in the commercial lending space are growing fast, and with the PRA’s changes to portfolio buy-to-let fast-approaching, more brokers will be looking to commercial loans to help their clients gain access to the funding they need.

“We are delighted to welcome Synergy and Connect onto our Commercial Loans panel alongside our existing partner Omega.”

Piotr Twaits, sales director at Synergy, said: “We have developed a close working relationship with L&G Mortgage Club and see this partnership being a strong addition to what the club offers its members and their clients.

“Club members will have the opportunity to further deepen relationships with their clients, and open up new revenue streams for themselves. We are excited to see this relationship grow, and look forward to meeting club members to see how we can help.”

Liz Syms, managing director of Connect for Intermediaries, added: “Connect for Intermediaries has been arranging commercial mortgages and development loans for many years and so we are in the perfect position to help L&G broker members, whether it is their first commercial or development enquiry, or an experienced adviser looking to offer great lender choice to their clients.”

Mark Jones, director of Omega Group, said he was pleased to be extending the master broker’s relationship with Legal & General Mortgage Club, which dates back to 2009.

He concluded: “We look forward to continued growth of the successful relationships already built over this time in what is our 25th year as a commercial and specialist finance broker.”