L&G announces Metro link up
The move sees L&G become Metro’s first networked intermediary partner.
Martyn Smith, head of mortgage products, Legal & General Network said: “It’s great that Legal & General Mortgage Club is the first network to partner with Metro Bank for the distribution of its excellent range of mortgage products.
“We are excited to be part of their growth plans for 2013 and look forward to working closely with them for the benefit of our members and their customers, especially as this year looks set to be an exciting one for the housing market.”
The partnership will see L&G offer a 2-year tracker available at 3.39% or a 2-year fixed rate at 3.49% on loans up to 80% loan to value.
L&G will also be able to offer Metro’s 4.35% 5-year fixed rate buy-to-let mortgage.
Richard Saulet, commercial director at Metro Bank, said: “It was a natural step to partner with the Legal & General Mortgage Club as we know they share Metro Bank’s commitment to amazing customer service.
“We’re dedicated to building a long term and highly successful intermediary partnership focused on providing brokers and their customers products designed entirely around their needs, as well as amazing service.
“We’re revolutionising the high street banking landscape, and with L&G’s help, we look forward to revolutionising the intermediary market too.”