L&G Mortgage Club x Market Financial Solutions

We’re fortunate enough to be able to partner with many lending panels and mortgage clubs here at MFS. In working with these partners, we’re able to help a wider range of property investors, BTL landlords, and developers with their investment plans.

Being there for borrowers of all backgrounds is what we’re all about at MFS. We want to be a force for good in the lending scene, and so the more borrowers we can reach with our products, the better.

Partnering up with these organisations help us achieve that. To show our appreciation, and draw attention to these firms and what they do, we thought we’d create profiles on our partners, providing our brokers and borrowers with a bit more context. Hopefully, this little bit of insight will prove useful.

Founded:

Legal & General is one of the UK’s oldest financial institutions, having been founded in 1836. The L&G Mortgage Club was set up in 1995, and is the longest-running mortgage club in the UK.

Type of organisation:

The L&G Mortgage Club is a mortgage club that provides members with access to a range of lenders and exclusive products. The company prides itself on providing a number of resources and services on top of this, including a mortgage research and product sourcing tool, relationship management services, events, and more.

Mini history of L&G mortgage club

Since its founding, Legal and General has grown into one of the UK’s biggest financial services firms. Starting out as a small business which offered a restricted selection of products and services to those in the legal profession, it has since grown to incorporate investment, pension, and insurance products within its remit.

The L&G Mortgage Club has emerged as a key player in the property world. It’s scope is very broad, with the club accounting for 1 in 3 intermediated mortgages, 1 in 4 of all mortgages in the UK, and £875bn worth of facilitated mortgages.

Via the lenders it works with, the L&G Mortgage Club provides access to a broad range of financial solutions. This includes BTL deals, green mortgages, bridging finance, and product transfers.

MFS partnership date

MFS joined the L&G Mortgage Club lending panel in September 2023. The partnership allowed L&G Mortgage Club’s network to gain access to our full range of specialist products. This included all our bridging products, along with our bespoke BTL mortgages.

Main offering/specialist in:

The L&G Mortgage Club primarily appears to focus on mortgages, but it also provides access to, and insights on a range of property fields. This includes the typical examples of residential products and second charge lending, but also more niche areas. Examples include technology relevant to the property market, green mortgages, and later life products such as equity release.

Member count

The L&G Mortgage Club had around 3,300[1] users on its platform in 2023, offering access to over 100 lenders.

Key people at L&G mortgage club:

• Kevin Roberts – director, Legal & General Mortgage Services
• Clare Beardmore – director, Mortgage Club
• Jodie White – head of mortgage products & transformation, Mortgage Services

Thoughts on this partnership from Karen Rodrigues, head of national accounts at MFS:

“At MFS, we pride ourselves on being able to handle cases that other lenders turn away. Our experience, the size and quality of our team, and the strength of our funding lines mean we are perfectly placed to help brokers and borrowers navigate even turbulent economic conditions with speed and confidence.

“We are pleased to be working with Legal & General Mortgage Club to ensure brokers can access our full range of specialist finance products. Brokers need optionality in the current climate, and we are ready to support their clients in a challenging market with fast and flexible loans, regardless of how complex a borrower’s needs might be.”