L&G says the deal offers significant opportunities for expanding its distribution in the UK.
Duncan Crocker, managing director of intermediary distribution at L&G, says: “John Charcol is a leading light in the mortgage industry, very well respected and hugely successful. It is a very welcome addition to our expanding partner group.”
Walter Avrili, product director at John Charcol, says: “We are pleased to have signed this agreement as we believe it will offer our clients excellent protection at competitive rates.
“This is another step in a relationship that has lasted some 20 years and we are looking forward to working closely on product innovation for both insurance and mortgages, with the L&G Mortgage Club.”