CHL Mortgages is further expanding its distribution with a distribution partnership with Legal & General Mortgage Club.
The addition of Legal & General Mortgage Club will significantly extend CHL Mortgages distribution channel.
Ross Turrell (pictured), commercial director at CHL Mortgages, said: “Legal & General Mortgage Club is an absolute giant in terms of the breadth of its distribution and reputation across the intermediary market. It is a partner that always featured heavily in our plans but due to its sheer size and scale we had to carefully assess how and when we opened the doors to its members.
“This partnership shows the huge strides forward we have already made as a lender and there are many more exciting plans and announcements in the pipeline.”
Danny Belton, head of lender relationships at Legal & General Mortgage Club, added: “It is pleasing to see an experienced lender like CHL Mortgages making its return to the buy-to-let arena. We expect the partnership to open the door to a range of valuable mortgages suitable for limited companies, portfolio landlords and trading companies.
“Its team of experienced underwriters also leverage a manual underwriting approach, which will undoubtedly help our adviser partners to support borrowers with more bespoke borrowing needs. We look forward to working closely together as the partnership continues.”