Legal & General has announced the launch of a product exclusive for users of its SmartrFit tool in collaboration, with Harpenden Building Society.
Advisers can now access additional discounts on the society’s residential products when sourced using SmartrFit.
This includes the lender’s two-year residential discounted product up to 80% LTV, and the two-year residential in retirement discounted product up to 70% LTV. The current variable pay rate on both products is 3.34%.
Legal & General’s SmartrFit tool can be accessed by all advisers using a Legal & General agency number, including Legal & General Mortgage Club members or via third parties including SimplyBiz Mortgages, One Mortgage System, and Smartr365.
Head of mortgage products and transformation at Legal and General Mortgage Services, Jodie White, said: “Tech has a crucial role to play in saving advisers time and helping them keep pace with a busy mortgage market.
“It is vital that SmartrFit users have a broad range of products at their disposal to ensure they can support borrowers’ varied needs. We pride ourselves on the ongoing development of our lender relationships and SmartrFit tool.”
Harpenden Building Society commercial director, Mike Cutler, added: “We’re delighted to team up with Legal & General once again to offer a fantastic exclusive to its SmartrFit users. With the market moving at a rapid pace, it is crucial that brokers have a wide range of options to draw on when sourcing products for their clients.
“Through easy access to our discounted residential products, brokers will be able to support borrowers with complex income streams and requirements. This includes buyers using a joint borrower sole proprietor product and those purchasing an unusual property, as well as those applying for a mortgage with less than three years of account evidence.”
The exclusive is live now and will be followed by others in the coming months, Legal & General revealed.
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