The Right Mortgage & Protection Network has added Loughborough Building Society to its lender panel.
As part of the partnership, The Right Mortgage’s appointed representative (AR) firms will now be able to access the Loughborough’s range of mortgage products, designed to meet various borrowers needs.
These include mortgages for home purchases, remortgaging, large loans, buy-to-let, borrowing into retirement, first-time buyers, family assist schemes, shared ownership and holiday lets.
The society recently launched a new mortgage origination platform for advisers, complete with an integrated credit decisioning platform. A number of enhancements were added, including soft credit checks during the decision in principle stage, to help protect applicants’ credit scores when allowing advisers and their clients to explore mortgage options.
The Loughborough also has a suite of intermediary-focused affordability calculators including its most recent addition, a universal credit calculator, to help with the assessment of affordability for clients receiving universal credit and other benefits.
The Right Mortgage AR firms can now register with the society to access its full product range, benefit from its online mortgage portal and explore its library of supporting documents.
Head of lending at The Right Mortgage & Protection Network, Victoria Clark, said: "The building society sector continues to push the envelope in terms of product enhancements and innovation, so we are very pleased to announce this new partnership with Loughborough Building Society who are dedicated to providing the best for both advisers and their clients.
"Active in a wide range of mainstream and more specialist or niche product sectors, Loughborough offers a range of mortgages that will be suitable for the type of borrowers advisers increasingly see today. Everyone at The Right Mortgage is very pleased to have them on panel and we’re sure our firms will find much to interest them in Loughborough’s product and service proposition."
Head of intermediaries at Loughborough Building Society, Ashley Pearson, added: "Supporting our intermediary partners is central to how we work, so joining The Right Mortgage & Protection Network’s panel is a natural step for us.
"We’re focused on offering practical, flexible solutions that meet the real-world needs of advisers and their clients from a variety of first-time buyer options right through to an extensive range of later life lending solutions. We look forward to working closely with the network’s members and helping them find the right outcomes to match their clients’ evolving needs."
Recent Stories