Legal & General has announced the integration of 10 lenders to its mortgage research tool SmartrFit.
Legal & General’s SmartrFit tool is free to use and can be accessed by all advisers using a Legal & General agency number, or via third parties including SimplyBiz Mortgages, One Mortgage System, and Smartr365.
The tool will now allow advisers to carry out criteria, affordability, and product searches for residential and buy-to-let mortgages from a panel of up to 73 lenders.
New residential lenders include Teachers for Intermediaries, Newbury Building Society, and Newcastle for Intermediaries. The mortgage research tool will also include results for Mansfield Building Society, Darlington Building Society, and Quantum Mortgages’ buy-to-let ranges.
Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “These additional providers will ensure there’s even more choice for advisers, and crucially, their customers, especially beyond high street lenders. By integrating more bespoke mortgage lenders that specialise in residential and buy-to-let markets, we are pleased to enable access to a broader range of providers which may prove particularly useful for landlords with specific borrowing needs.”
Roger Knight, lending manager, Newbury Building Society, said: “At Newbury Building Society, we understand that each client has individual needs, and with our residential mortgages now live on SmartrFit, we hope this will leave advisers with a wider range of options at their disposal when trying to find the most appropriate mortgage for their customers.”
Diane Lloyd-Andrews, intermediary relationship manager, Teachers for Intermediaries, added: “We appreciate that there are a whole host of obstacles for advisers trying to source the best suited mortgage for their customers, and that the use of mortgage research tools is imperative in helping advisers work effectively in today’s market.
“Therefore, at Teachers, we’re delighted to now have our mortgage products on SmartrFit and provide Legal & General users with even more choice to make informed decisions for their customers.”
