Ipswich BS partners with L&G

Michael Lloyd

November 26, 2019

Ipswich Building Society has partnered with Legal & General Mortgage Club to widen its distribution of products to more brokers.

The society’s mortgage range was previously available to Legal & General’s key partner firms but now all Legal & General Mortgage Club members will have access to the society’s products.

Kate Ley, head of mortgage sales at Ipswich Building Society, said: “Over the next six months we’re really looking to expand our distribution.

“We’ve grown a reputation for being particularly active in specialist mortgage markets such as expat and self-build, and we’re grateful for the broker support we’ve had in this area to date.

“We’re now in a position to be able to extend the opportunity to access our products to other brokers and a wider variety of their clients.

“We already have a good history of well-packaged business via Legal & General Mortgage Club and as a medium-sized building society that takes a manual approach to underwriting, the ability to have control over mortgage products and volumes is also really important to us.

“We’re also looking forward to working alongside Legal & General Mortgage Club to strengthen our broker relationships nationwide.”

Danny Belton (pictured), head of lender relationships at Legal & General Mortgage Club, added: “We’ve had great feedback from our advisers who have already placed business with Ipswich Building Society, and we are pleased to be extending their terms to offer products to all of our club members.

“Regional building societies play an important role in the industry and we want to ensure valued lenders such as Ipswich are on the radar of borrowers who are not in their immediate vicinity, to prevent the borrower missing out on products which are best suited to their needs.

“Therefore, we’re delighted to be working more closely with Ipswich Building Society for the benefit of all of our club members.”

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