Legal & General Mortgage Club has launched its new Government Housing Schemes Matrix.
The Matrix provides brokers with an overview of what each government scheme offers, as well providing up-to-date information on which lenders offer products under the schemes.
The Government Housing Schemes Matrix follows Legal & General’s Mortgage Credit Directive Matrix and is being launched to help brokers more effectively navigate the multitude of government housing schemes available, helping them to better understand the housing schemes and whether or not their client is eligible for them.
The list of lenders offering products under each housing scheme will also aid brokers in comparing the relevant products offered by each lender, so that they can offer a solution that best meets their clients’ needs, the Club said.
Legal & General Mortgage Club offer a dedicated new build Club for specialist new build brokers, and the Matrix has been designed in part to help these firms to provide their customers with easy to understand, accessible information.
Jeremy Duncombe (pictured), director of Legal & General Mortgage Club, said: “Government housing schemes have been coming in thick and fast in recent years as the government continues to further its campaign for affordable housing. Keeping up with these developments, especially considering that different groups of lenders are offering products under each scheme, can be an arduous process that involves regularly checking a significant number of different sources of information.
“To simplify this process, we’ve done the leg-work for our broker partners and will continue to update the Matrix with new developments, so that advisers can focus their time on serving their customers. I’m extremely pleased to be able to provide practical, time-saving solutions for brokers, in what is our third, but by no means final, broker Matrix.
“We will continue to build on the success of our MMR and MCD Matrices by developing more informational hubs to support brokers well into the future.”