L&G: Completions reach 25 year high
Legal & General Mortgage Club’s completions totalled £78bn in 2019, equating to its highest annual figure in the club’s 25 year history.
This figure represents a 7% increase in business volumes on 2018.
Further data collected by the firm shows that underlying growth also rose, increasing by 4%.
The club says that over of the course of 2019, it has focused on enhancing its offering, embodied by the launch of its SmartrCriteria and SmartrRefer tools.
Kevin Roberts, director at Legal & General Mortgage Club, said: “This has clearly been a positive year for advisers who have supported growth in the mortgage market throughout 2019.
“The intermediary mortgage market has continued to grow over the past 12 months and, amidst all the uncertainty of last year, advisers have continued to help thousands of borrowers whether they are buying or remortgaging.
“Our commitment at Legal & General Mortgage Club has been to invest heavily in our members with the launch of tools like SmartrCriteria and SmartrRefer that give them the means to help even more of their clients with their housing plans.”