New Street partners with L&G Mortgage Club

Published on

New Street Mortgages has announced a new distribution partnership with Legal and General Mortgage Club.

The arrangement is initially via its Nouveau firms, with the mortgage brand’s buy-to-let product range now available to the Mortgage Club’s intermediary partners.

The expansion follows New Street’s February pilot launch into the buy-to-let market with three initial distribution partnerships.

All Nouveau firms will have access to New Street’s buy-to-let pilot product range, and the brand will be actively seeking to engage with the Mortgage Club’s other key intermediary partners post-launch.

David Finlay, distribution director at the Northview Group, said: “New Street Mortgages is proud to announce news of our new partnership with Legal & General Mortgage Club. We are delighted to be extending our innovative, analytics-driven and modern approach to mortgage lending alongside Legal & General, given its immense experience and expertise in the market.

“Nouveau has a strong proposition, encompassing firms that maintain a commitment to a high standard of risk and compliance controls. We are pleased to have aligned with the Club’s strong and influential position in the market and look forward to delivering our modern, digital approach to lending to a growing number of intermediaries.”

Jeremy Duncombe, director of Legal & General Mortgage Club, said: “This partnership serves to strengthen Legal & General’s position in the intermediary lending market as a trusted, go-to distribution partner. We are excited about the prospect of bringing New Street’s sophisticated analytics-driven products on board.

“It’s ethos of empowering brokers aligns with our approach, and the partnership will aid us in continuing to provide a broad range of products through our partners to borrowers across the market. We look forward to further roll out shortly with our other key business partners.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

AI doesn’t remove bias. It gives us the chance to manage it

One of the great promises of artificial intelligence has always been objectivity. Machines, unlike...

No mandate for automatic cohabitation rights, Deech warns

Proposals giving cohabiting couples automatic rights over homes, pensions and other assets lack clear...

Bristol tops 2026 Japanese knotweed hotspots

Bristol has retained its position as England’s Japanese knotweed capital, recording more than twice...

Marsden passes £100m Guernsey lending milestone

Marsden Building Society has surpassed £100m in mortgage completions in Guernsey through its partnership...

Mortgage pressures weigh on health as households lack financial safety net

Two in five UK adults say their finances have harmed their mental health over...

Latest publication

Other news

AI doesn’t remove bias. It gives us the chance to manage it

One of the great promises of artificial intelligence has always been objectivity. Machines, unlike...

No mandate for automatic cohabitation rights, Deech warns

Proposals giving cohabiting couples automatic rights over homes, pensions and other assets lack clear...

Bristol tops 2026 Japanese knotweed hotspots

Bristol has retained its position as England’s Japanese knotweed capital, recording more than twice...