L&G Home Finance reveals expansion plans

The relocation, taking place in May, sees Legal & General Home Finance move into a significantly larger 14,000 sq ft office, as the company plans to expand its headcount to around 100 employees by the end of 2017.

Legal & General entered the lifetime mortgage market after the acquisition of Solihull-based New Life Mortgages in February 2015. The lender recently announced that it had generated £620m in completed lifetime mortgages during 2016, bringing the total value of assets under management by the company to £1bn.

Steve Ellis, Managing Director, Legal & General Home Finance, said: “Legal & General is committed to developing its presence in Solihull by providing great career opportunities in financial services. We have tripled the size of our workforce here in just two years, and we have ambitious plans to expand further.

“As borrowing in retirement becomes a more popular choice for the next generation of retirees, we look forward to a successful future at Blenheim Court where we are confident Legal & General can continue to build its presence in the lifetime mortgage market and create more jobs in Solihull.”