L&G revamps commercial panel
Legal & General Mortgage Club has revamped its commercial panel.
The new panel sees existing business partner Omega joined by master brokers Synergy and Connect for Intermediaries.
The launch comes as part of the Legal & General Mortgage Club’s intention to be a one-stop-shop for all broker needs, and precedes the PRA’s changes to portfolio buy-to-let, which could see advisers having to seek alternative methods of finance for some of their clients.
Paul Hopton, relationship and development manager at Legal & General Mortgage Club, said: “Legal & General Mortgage Club is committed to being a one-stop-shop for our broker partners, no matter what their mortgage need may be.
“The opportunities in the commercial lending space are growing fast, and with the PRA’s changes to portfolio buy-to-let fast-approaching, more brokers will be looking to commercial loans to help their clients gain access to the funding they need. We are delighted to welcome Synergy and Connect onto our commercial loans panel alongside our existing partner Omega. We firmly believe this new panel forms an attractive proposition of master brokers to help intermediaries gain access to best rates in the market.”
Piotr Twaits, sales director at Synergy, added: “Synergy are delighted to be partnering with L&G Mortgage Club to provide its members with access to commercial funding options. We have developed a close working relationship with L&G Mortgage Club and see this partnership being a strong addition to what the club offers its members and their clients.
“Club members will have the opportunity to further deepen relationships with their clients, and open up new revenue streams for themselves. We are excited to see this relationship grow, and look forward to meeting club members to see how we can help”
And Liz Syms, managing director at Connect for Intermediaries, concluded: “We are really pleased to be recognised by Legal & General Mortgage Club for our specialisms in both commercial and development mortgages. Legal and General is very particular about who it appoints to its panels so it is rewarding to be recognised as a leading packager in these areas.
“Connect for Intermediaries has been arranging commercial mortgages and development loans for many years and so we are in the perfect position to help L&G broker members, whether it is their first commercial or development enquiry, or an experienced adviser looking to offer great lender choice to their clients. We look forward to working with L&G brokers to ensure that their clients always get the most suitable and most cost-effective mortgage for their needs.”