Legal & General Home Finance will be relocating to a larger office in Solihull as part of its expansion plans.
The lifetime mortgage lender has tripled its workforce since 2015 and will be moving to Chadwick House at Blenheim Court, owned by a fund advised by Clearbell Capital under a 10-year lease.
The relocation sees Legal & General Home Finance move into a significantly larger 14000 sq ft office from its current location at Warwick House, as the company plans to expand its headcount to around 100 employees by the end of 2017.
Legal & General entered the lifetime mortgage market after the acquisition of Solihull-based New Life Mortgages in February 2015. The lender recently announced that it had generated £620m in completed lifetime mortgages during 2016, bringing the total value of assets under management by the company to £1bn.
Steve Ellis (pictured), managing director of Legal & General Home Finance, said: “Legal & General is committed to developing its presence in Solihull by providing great career opportunities in financial services. We have tripled the size of our workforce here in just two years, and we have ambitious plans to expand further.
“As borrowing in retirement becomes a more popular choice for the next generation of retirees, we look forward to a successful future at Blenheim Court where we are confident Legal & General can continue to build its presence in the lifetime mortgage market and create more jobs in Solihull.”