Loughborough Building Society has been added to the Legal & General (L&G) Mortgage Club’s lender panel, giving its directly authorised advisers a wider range of specialist mortgage products, including residential and buy-to-let (BTL) options.
Loughborough Building Society’s addition also gives its advisers a wider range of specialist mortgage products suitable for consumers with more complex financial circumstances who may need more tailored solutions.
The building society currently offers BTL products up to a maximum loan size of £500,000 and residential products up to a maximum of £750,000.
Director of L&G Mortgage Club, Clare Beardmore, said: “Giving advisers access to more product choice and more specialised solutions is absolutely essential to ensure borrowers get an outcome that is right for them. It’s also a vital component of the new Consumer Duty’s fair value requirements, which we know are an important priority for advisers.
“Offering Loughborough Building Society’s specialist residential and BTL products to the broker network at L&G will support more borrowers, and also the advisers who serve them.”
National business development manager at Loughborough Building Society, Ashley Pearson, added: “Working with L&G’s team and joining the mortgage club panel is a welcome opportunity for us to address specialist requirements in the residential and BTL sectors. This collaboration will allow us to help more borrowers who otherwise might have been overlooked.”
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