Legal & General (L&G) Mortgage Club has added Market Financial Solutions (MFS) to its lender panel, giving advisers access to the full MFS specialist product range.
The mortgage club is involved in nearly one in five of all mortgages in the UK and in nearly one in three of all intermediated mortgages. L&G is the largest and longest running mortgage club in the country and has completed £875bn of mortgages since 1995.
MFS, which is also a member of the National Association of Commercial Finance Brokers (NACFB), the Association of Short-Term Lenders (ASTL) and the Finance and Intermediary and Broker Association (FIBA), provides a range of bridging loans and buy-to-let (BTL) mortgages to intermediaries and direct to borrowers.
Its bridging loan product range includes large bridging loans, commercial and semi-commercial bridging loans, as well as permitted and light development bridging loans. The firm’s BTL mortgage products include limited company BTL mortgages, SPV BTL mortgages and bad credit BTL mortgages.
Director at L&G Mortgage Club, Clare Beardmore, said: “We pride ourselves on providing exceptional value to our trusted members through top quality products, pricing, and services. We achieve this by continually investing in our relationships with new and existing partners to ensure we meet the fluctuating needs of our members and their clients.
“As the mortgage market continues to respond to economic headwinds, it is vital that we continue to offer a wide range of products to suit borrowers’ increasingly complex needs. MFS is a trusted source of specialist finance, and we are excited to embark on this new chapter with them.”
Head of national accounts at MFS, Karen Rodrigues, added: “We pride ourselves on being able to handle cases that other lenders turn away. Our experience, the size and quality of our team, and the strength of our funding lines mean we are perfectly placed to help brokers and borrowers navigate even turbulent economic conditions with speed and confidence.
“We are pleased to be working with L&G Mortgage Club to ensure brokers can access our full range of specialist finance products. Brokers need optionality in the current climate, and we are ready to support their clients in a challenging market with fast and flexible loans, regardless of how complex a borrower’s needs might be.”
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