Specialist lender Central Trust has joined Legal & General Mortgage Club’s panel, meaning club members can access a range of Central Trust’s second charge offerings.
The addition brings the number of second charge lenders on Legal & General’s specialist lender panel to seven.
Central Trust head of partnerships Shane Tibbitts says: “We are delighted to be appointed to Legal & General Mortgage Club’s specialist lender panel and for the opportunity of working with the country’s foremost mortgage club. We are enjoying healthy growth in our direct-to-lender proposition and seeing an increased awareness of a second charge mortgage as a legitimate and natural alternative for homeowners with an impaired credit status or unconventional circumstances.
“Legal & General Mortgage Club has vast experience and influence in all areas of mortgage lending and we are proud to join their lender panel. Their team of support managers in Barnsley complement our own dedicated direct-to-lender business development executives, who work with all club members and package the loan application on the broker’s behalf. We have a very simple process, flexible underwriting and with over 30 years of secured loan lending behind us, plenty of knowledge of how best to help.”
Legal & General Mortgage Club head of lender relationships Danny Belton says: “Although the second charge market remains comparatively small, there has been an increase of volumes through 2018 as more mortgage advisers consider this sector when talking to customers about refinancing. The welcome addition of Central Trust to our panel gives our members further choice for them and their customers in this growing market sector.”