It adds the deal means brokers writing cases through the club will be able to access the firm’s new range of residential mortgage products from today (24 January).
The lender’s residential range is aimed at borrowers who have non-standard borrowing requirements, such as self-employed borrowers, older applicants and those who struggle to meet the credit scoring requirements of high street lenders.
Legal & General has the largest and longest-running mortgage club in the UK, having helped to arrange more than £765bn worth of lending since 1995. The club says it is involved in one in three intermediated mortgages and one in five in the UK overall.
West One Loans adds that its first charge range can also be accessed through a network of specialist distributors, such as Aria, Y3S, Brightstar, Positive Lending, Loan.co.uk, The Loans Engine, Truffle Specialist Finance, Chase Blue, Everything Financial, Believe Specialist Finance, Complete FS and TFC Homeloans.
West One Loans managing director of residential mortgages and second charges Marie Grundy says: “This tie-up will provide Legal & General members with access to our recently launched range of residential specialist mortgage products, at a time when more borrowers need tailored advice solutions to navigate through the challenges of the current economic climate.”
Legal & General Mortgage Club head of lender relationships Danny Belton adds: “The number of customers requiring a specialist lending option has continued to increase, and now Legal & General Mortgage Club members have another positive option to help support their customers through the advice they give.”
