Loughborough Building Society is to become part of the Legal and General Mortgage Club in a move designed to give advisers access to a wider range of specialist mortgage products, ultimately leading to help for a wider range of borrowers.
Loughborough Building Society offers buy-to-let products up to a maximum loan size of £500,000 and residential products up to a maximum of £750,000.
Clare Beardmore, Director, Legal & General Mortgage Club 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 buy-to-let products to the broker network at Legal & General Mortgage Club will support more borrowers, and also the advisers who serve them.”
Ashley Pearson, National Business Development Manager at Loughborough Building Society, added: “Working with Legal & General’s team and joining the Mortgage Club panel is a welcome opportunity for us to address specialist requirements in the residential and buy-to-let sectors. This collaboration will allow us to help more borrowers who otherwise might have been overlooked.”
