Legal & General Mortgage Club is celebrating its 20th anniversary this week at the annual Mortgage Club Awards.
Launched in 1995, the Legal & General Mortgage Club has grown to be the biggest distributor in the market, on track for £44bn of completions in 2015.
The Club has grown consistently since its inception, now offering over 4,000 products to its 8,000 members, and placing around one in five mortgages across the UK.
The annual Mortgage Club Awards 2015, will be held today at The Guildhall, London. The awards recognise both lenders and advisers for their contribution to the sector.
Jeremy Duncombe, director of Legal & General Mortgage Club, said: “Celebrating the Mortgage Club’s 20th anniversary is a huge milestone for us. We now sit proudly as the largest distributor of mortgages in the UK, with around 30% of the intermediary market share.
“Since the launch of the Mortgage Club in 1995, we have seen major shifts across the industry, from regulatory changes to economic upturns and downturns. In fact, the very way in which business is carried out has evolved. 20 years ago, proc fees largely didn’t exist. Today, they have become the basis of the distribution model.
“The Club has aimed to provide our members with support and guidance through all these shifts. Our high quality channel allows them access to exclusive products as well as tools such as Mortgage Club TV, payment on exchange and the Mortgage Club Roadshow, which are designed to aid intermediaries’ in their day to day activities.
“Of course, the Club would be nothing without its members, so we are very much looking forward to celebrating the successes of our brokers and lenders at the 2015 Mortgage Club Awards on Friday.”