L&G Mortgage Club adds Loughborough BS to panel

Legal & General Mortgage Club has added Loughborough Building Society to its lender panel, giving its directly authorised advisers access to a range of specialist residential and buy-to-let products.

The Society's range is aimed at consumers with more complex financial circumstances who may be in need of more tailored solutions.

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 at 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.”