Specialist lender Together has teamed up with Legal & General as it continues to expand its distribution, and will offer its specialist finance products to the leading mortgage club’s 6000-plus registered brokers.
Together will be bringing its common sense approach and individual underwriting to assist brokers with a wide range of cases that may fall outside the mainstream lenders’ target market, whether that involves non-standard purchases, property, income or credit.
The lender will be offering first charge residential mortgages of up to £1 million – including capital and interest-only options, with no valuation or lender’s legal fees, and options including a five-year fix – as well as its specialist buy-to-let mortgages and bridging finance.
Richard Tugwell, pictured, group intermediary relationship director at Together, said:
“We’ve been bringing common sense to lending for 44 years and can assist in many cases that the mainstream may not be able to help with; whether that’s due to a complex income stream, an unusual property, a specific type of purchase such as shared ownership or right-to-buy, some sort of adverse credit, or any combination of these factors.
“The specialist lending market is seeing strong growth as more and more customers find themselves falling short of the mainstream criteria for a whole host of reasons, and that’s where we can help. We’re delighted to be on the panel for Legal & General and look forward to introducing their brokers to our specialist products and our tailored service.”
Danny Belton, head of lender relationships at Legal & General commented:
“It is important for the Legal & General Mortgage Club to provide access to a range of lenders across all mortgage sectors to our members. As the specialist sector continues to grow, it is great to be able to strengthen our proposition by adding new lenders such as Together onto our panel. Together is recognised as a strong player in the specialist lending sector and will be a welcome addition to our offering.”
Brokers in Legal & General’s mortgage club will have access to Together’s online portal, My Broker Venue, where they can submit cases and receive a full, instant, decision-in-principle, whilst personal support will be available from the lender’s team of experts.
The move follows a spate of partnership announcements by Together as it aims to grow its intermediary business and ensure its offering is more widely available to brokers across mainland UK.