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New lender partners with L&G Mortgage Club


New lender partners with L&G Mortgage Club

New Street Mortgages has announced a distribution partnership with Legal & General (L&G) Mortgage Club.

The lender’s buy-to-let product range will now be available to the Mortgage Club’s intermediary partners via its Nouveau firms.

David Finlay, Distribution Director at Northview Group, New Street Mortgages’ parent company, said: "New Street Mortgages is proud to announce news of our new partnership with Legal & General Mortgage Club.

“We are delighted to be extending our innovative, analytics-driven and modern approach to mortgage lending alongside Legal & General, given its immense experience and expertise in the market.

“Nouveau has a strong proposition, encompassing firms that maintain a commitment to a high standard of risk and compliance controls.

“We are pleased to have aligned with the club’s strong and influential position in the market and look forward to delivering our modern, digital approach to lending to a growing number of intermediaries.”

All of L&G’s Nouveau firms will initially have access to New Street’s buy-to-let pilot product range, with the lender looking to engage with the Mortgage Club’s other intermediaries post-launch.

Jeremy Duncombe, Director of Legal & General Mortgage Club said: “This partnership serves to strengthen Legal & General’s position in the intermediary lending market as a trusted, go-to distribution partner.

“We are excited about the prospect of bringing New Street’s sophisticated, analytics-driven products on board.

“It’s ethos of empowering brokers aligns with our approach, and the partnership will aid us in continuing to provide a broad range of products through our partners to borrowers across the market.

“We look forward to further roll out shortly with our other key business partners.” 




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