Added: 9 February 2017
Legal & General extend partnership with Ipswich Building Society
Legal & General mortgage club has extended its partnership with Ipswich Building Society.
Ipswich Building Society will work closely with Legal & General mortgage club’s new build club to increase its involvement in the new build and shared ownership sectors. Jeremy Duncombe, director at Legal & General Mortgage Club, said: “We have been working closely with Ipswich Building Society to support their expansion in the intermediary market.
“They continue to champion the underserved borrowers, and have widened their distribution across an increasing group of our key intermediaries, including our new build specialists. Borrower needs are increasingly changing, and it is great to be partnered with another lender who is working to help as many people onto the property ladder as possible.”
Firms including Key Solutions Mortgages, Metro Finance and IMS will have access to Ipwich Building Society’s products.
The original partnership between Ipswich Building Society and Legal & General began in May 2015 and since then the regional lender has seen the value of net applications from Legal & General advisors increase by 88% and the number of cases submitted increase by 53%.
Richard Norrington, chief executive officer at Ipswich Building Society, added: “It is the right choice for us to continue strengthening our relationships with intermediaries and we are rightly proud of our relationship with Legal & General.
Not only does partnering extend our reach beyond our traditional heartland, but it takes our platform to those who need it most and for whom our manual underwriting approach will continue to offer an alternative. Ipswich Building Society will keep doing the right thing for our intermediaries and borrowers. In part, that means protecting the values of our business now and for future generations. Long may our partnership with Legal & General continue.”