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TODAY'S OTHER NEWS

L&G Mortgage Club partners with nine lenders

Legal & General Mortgage Club has announced the addition of nine new lenders to the Mortgage Club panel.

Chorley Building Society, Newbury Building Society, Together Money, Earl Shilton Building Society, Landbay, Marsden Building Society, The Mortgage Lender, Interbay and Swansea Building Society make up the latest lenders to join.

Offering more choice and support to customers through its intermediary, the new partnerships will also help continue to grow the intermediary mortgage market, which is currently responsible for 70% of applications submitted to lenders.

Recent research by Legal & General has shown the vital role brokers play in helping borrowers to secure a mortgage, with over four-fifths (81%) of homeowners who have bought a property in the last 12 months happy to recommend a broker to those securing their first mortgage.

Legal & General has also made further additions to its services, including a chat facility for its Mortgage Support Services. Having received over 6,000 messages since its launch and a Net Promotor Score (NPS) of 4.8 out of 5, the service has been welcomed by brokers, providing them with instant support on complex and specialist cases.

“The intermediary mortgage market continues to go from strength to strength, both in terms of acquisition business and product transfers, and it’s great to see more customers are receiving professional advice,” Danny Belton, head of lender relationships at Legal & General Mortgage Club, said.

“The new partnerships we’ve secured have supported that goal, bringing more choice to our intermediary partners and their customers, but we continue to look for ways to improve our offering and ultimately help more of Britain’s borrowers find the mortgage solutions they need.”

For further information on the mortgages available, please visit the Together Money site.

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