New Street unveils L&G tie-up

New Street Mortgages has announced a new buy-to-let distribution partnership with Legal & General Mortgage Club.

The tie-up will initially be via its Nouveau Firms, with the mainstream mortgage brand’s buy-to-let product range available to the Mortgage Club’s intermediary partners.

The expansion follows New Street’s February pilot launch into the buy-to-let market with three initial distribution partnerships.

All Nouveau firms will have access to New Street’s buy-to-let pilot product range, and the brand will be actively seeking to engage with the Mortgage Club’s other key intermediary partners post-launch.

David Finlay, distribution director, Northview Group, said: “We are delighted to be extending our innovative, analytics-driven and modern approach to mortgage lending alongside Legal & General, given its immense experience and expertise in the market."

“We look forward to delivering our modern, digital approach to lending to a growing number of intermediaries.”

Jeremy Duncombe, director, Legal & General Mortgage Club, said: “This partnership serves to strengthen Legal & General’s position in the intermediary lending market as a trusted, go-to distribution partner.

“We are excited about the prospect of bringing New Street’s sophisticated analytics-driven products on board. 

“Its ethos of empowering brokers aligns with our approach and we look forward to further roll out shortly with our other key business partners.”