Legal & General Mortgage Club has integrated 10 new lenders into its mortgage research tool, SmartrFit.
New residential lenders include Teachers for Intermediaries, Newbury Building Society, and Newcastle for Intermediaries.
SmartrFit will also include results for Mansfield Building Society, Darlington Building Society, and Quantum Mortgages’ buy-to-let (BTL) ranges.
The tool can be accessed by all advisers using an L&G agency number, or via third parties including SimplyBiz Mortgages, One Mortgage System, and Smartr365. SmartrFit will now allow advisers to carry out criteria, affordability, and product searches for residential and BTL mortgages from a panel of up to 73 lenders.
Head of lender relationships at L&G Mortgage Club, Danny Belton, said: “These additional providers will ensure there’s even more choice for advisers, and crucially, their customers, especially beyond high street lenders.
“By integrating more bespoke mortgage lenders that specialise in residential and buy-to-let markets, we are pleased to enable access to a broader range of providers which may prove particularly useful for landlords with specific borrowing needs.”
L&G also stated that the integration of the new lenders is intended to save time for advisers, who can instead focus on offering a more tailored service to clients.
“We understand that each client has individual needs, and with our residential mortgages now live on SmartrFit, we hope this will leave advisers with a wider range of options at their disposal when trying to find the most appropriate mortgage for their customers,” commented Newbury Building Society lending manager, Roger Knight.
Intermediary relationship manager at Teachers for Intermediaries, Diane Lloyd-Andrews, added: “We appreciate that there are a whole host of obstacles for advisers trying to source the best suited mortgage for their customers, and that the use of mortgage research tools is imperative in helping advisers work effectively in today’s market.
“Therefore, at Teachers, we’re delighted to now have our mortgage products on SmartrFit and provide Legal & General users with even more choice to make informed decisions for their customers.”
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