L&G’s Mortgage Club business has marked its 30th anniversary, having supported more than 56,000 brokers since it began in 1995.
In its first year, the club completed £1bn worth of mortgages.
30 years on, this figure is now close to £1tn, with the club involved in nearly one in four mortgages in the UK and almost one in three intermediated mortgages.
Additionally, the team has grown to 34 people, with 112 lender partners.
Advisers get access to webinars, podcasts, and events for continuing professional development (CPD), as well as a payment system that pays procuration fees on exchange, before completion.
In 2019, the club launched a digital search system for advisers to help with lender criteria, now known as the Ignite platform.
All members can use Ignite to search the UK mortgage market and find tailored solutions for homebuyers.
In 2024, the club added Referral Pro, a service to help advisers meet client needs and align with Consumer Duty rules.
New services and features will be rolled out this year for both advisers and lenders.
To celebrate the 30th anniversary, the mortgage club awards will be held on 6th June 2025 at the Guildhall, London, recognising advisers and lenders for their work in the sector.
An industry conference will also take place in Autumn at Northumberland Avenue, London, with speakers, panel discussions, and networking.
The event will cover changes in the mortgage market over the past 30 years and look ahead to the next three decades.
Clare Beardmore, director of distribution and mortgage club, mortgage services at L&G, said: “Turning 30 is a big moment for Mortgage Club.
“We couldn’t have reached this milestone without the brilliant advisers, lenders, and colleagues who have supported us over the years.
“This anniversary gives us a chance to reflect on how far the industry has come and to thank those who made it possible.
“But it’s also about looking forward. With new technologies and evolving customer needs, we have plenty of opportunities to grow together.
“I’m excited to celebrate all of this in 2025 and to bring the whole industry along for the journey.”
