The Right Mortgage & Protection Network has expanded its lending panel with the addition of Loughborough Building Society, providing its Appointed Representative firms with access to a wide-ranging suite of mortgage products.
The partnership enables member firms of the network to offer clients products from Loughborough’s diverse mortgage portfolio, including solutions for first-time buyers, buy-to-let investors, borrowers looking to remortgage, and those seeking to borrow into retirement. The building society’s offering also covers more specialist areas such as shared ownership, holiday lets, large loans and the buy-for-university scheme.
Loughborough Building Society has recently invested in a new mortgage origination platform designed specifically for intermediaries, featuring an integrated credit decisioning system. Among the latest enhancements is the addition of soft credit checks at the decision-in-principle stage, allowing advisers to assess options without adversely affecting a client’s credit score.
The mutual’s intermediary proposition also includes a suite of affordability calculators. These tools are tailored to a broad array of scenarios, including a Universal Credit calculator for clients in receipt of benefits, a residential calculator supporting high income multiples and later life lending, and a buy-to-let calculator that supports let-to-buy, family buy-to-let, and holiday lets.
Appointed representatives of The Right Mortgage network can now register with the lender to access its full product range via an online mortgage portal, with additional resources including a library of supporting documentation.
Victoria Clark (pictured), head of lending at The Right Mortgage & Protection Network, welcomed the addition of the mutual to its panel.
“The building society sector continues to push the envelope in terms of product enhancements and innovation, so we are very pleased to announce this new partnership with Loughborough Building Society who are dedicated to providing the best for both advisers and their clients,” she said.
“Active in a wide range of mainstream and more specialist or niche product sectors, Loughborough offers a range of mortgages that will be suitable for the type of borrowers advisers increasingly see today. Everyone at The Right Mortgage is very pleased to have them on panel and we’re sure our firms will find much to interest them in Loughborough’s product and service proposition.”
Ashley Pearson, head of intermediaries at Loughborough Building Society, said the collaboration was part of the lender’s ongoing commitment to the intermediary market.
“Supporting our intermediary partners is central to how we work, so joining The Right Mortgage & Protection Network’s panel is a natural step for us,” he said.
“We’re focused on offering practical, flexible solutions that meet the real-world needs of advisers and their clients from a variety of first-time buyer options right through to an extensive range of later life lending solutions. We look forward to working closely with the network’s members and helping them find the right outcomes to match their clients’ evolving needs.”
