L&G Mortgage Club adds Furness to panel

Michael Lloyd

July 2, 2019

Legal & General Mortgage Club has added Furness Building Society to its lending panel.

Furness Building Society’s product range includes mortgages with loan-to-values up to 95% with no credit check and affordability tested based on actual rates, rather than ONS. The products will be available through Legal & General Mortgage Club partners.

Danny Belton (pictured), head of lender relationships, Legal & General Mortgage Club, adds: “With the aim of connecting our brokers with a broad range of high-quality lenders – we can now announce the addition of the Furness Building Society to the Legal & General Mortgage Club panel.

“Furness Building Society’s approach to helping borrowers get the specialist mortgages they need makes them a fantastic addition. Benefitting brokers and their customers.”

Alasdair McDonald, head of intermediary mortgages, Furness Building Society, added: “We’re committed to helping more customers own their own home, and being on the Legal & General Mortgage Club lending panel will allow us to make our solutions based intermediary mortgage offering available to a greater number of brokers throughout England, Wales & Scotland.

“Our mortgage intermediary offering is constantly evolving, based on valuable broker feedback, and this new partnership allows us to continue that journey and shows our commitment to the broker mortgage market.”

The lender also handles complex cases including self-employed and short-term lending across England, Scotland and Wales.

Using income rather than ICRs, the lender also offers buy-to-let products including regulated, family and holiday lets, allowing borrowers to occupy the property for 90 days per annum, with Airbnb also considered.

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