As of today (23rd June), Loughborough Building Society has become the latest addition to Legal & General Mortgage Club’s lender panel.
The addition will give the club’s directly authorised (DA) firms’ advisers access to a range of specialist mortgage products suitable for consumers with complex financial circumstances.
Loughborough Building Society offers buy-to-let (BTL) products up to a maximum loan size of £500,000 and residential products up to a maximum of £750,000.
Clare Beardmore, director of Legal & General Mortgage Club, said: “Giving advisers access to more product choice and more specialised solutions is absolutely essential to ensure borrowers get an outcome that is right for them.
“It’s also a vital component of the new Consumer Duty’s fair value requirements, which we know are an important priority for advisers.”
She continued: “Offering Loughborough Building Society’s specialist residential and buy-to-let products to the broker network at Legal & General Mortgage Club will support more borrowers, and also the advisers who serve them.”
Ashley Pearson, national business development manager at Loughborough Building Society added: “Working with Legal & General’s team and joining the Mortgage Club panel is a welcome opportunity for us to address specialist requirements in the residential and buy-to-let sectors.
“This collaboration will allow us to help more borrowers who otherwise might have been overlooked.”
