BuildStore Mortgage Services has announced the launch of a strategic partnership with L&C Mortgages.

The move will make BuildStore the sole provider of mortgage advice to L&C’s homebuilding customers across the UK.

BuildStore provides finance for consumers undertaking self-build, custom build, renovation and conversion projects.

L&C said it recognises the need for “expert advice in more complex borrowing areas”, to ensure that the Consumer Duty rules are complied with and consumers are achieving the best possible outcome.

“Self-builders’ finance needs vary hugely depending on their personal circumstances and the project they’re undertaking,” said BuildStore CEO, Raymond Connor. “We provide customers with expert advice to find the right product for their project.

“In addition, we support them right through their build. We also make sure they’ve costed their project accurately so that they get the money they need at the right time to cover their costs and get their home completed.

“This deal recognises the importance of expert advice and support in the post-Consumer Duty era and we expect this to be the first of many similar collaborations.”

Chief relationship officer at L&C, Simon Hendy, added: “We’re delighted to launch this partnership with BuildStore. We’ve been focused on improving and broadening the service that we offer our customers. Working with BuildStore will offer greater support to our advisers in meeting their customers’ self-build and refurbishment requirements.”

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