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Inter-Alliance signs five major mortgage clubs

Inter-Alliance says it has taken another step towards achieving an all-of-market lender proposition by agreeing terms with five major mortgage clubs.

The clubs include Mortgage 2000, Pink, TMA, Legal & General and Source.

Inter-Alliance says the inclusion of these mortgage clubs is seen as an effective means of securing the best terms for those conducting mortgage business through Inter-Alliance, Sage Financial and TRINON.

Helen Davis, distribution development director at Inter-Alliance, says: “We are delighted to gain the support of these mortgage clubs since they add an important source of exclusive products to our overall offering. It brings us another step closer to our goal of supporting the independent status of our members by delivering a truly all of market lending proposition.

“Our current understanding of the new regulations leads us to believe that a panel attempting to represent the whole market is not a viable option for us. Our members are appreciated by their clients for their independent approach and we would rather strengthen that position with our mortgage offering than weaken it.”

Stuart Wilson, mortgage development director, adds: “We have made great progress with the development of the all of market facility with almost 100 individual lenders now included. Discussions are progressing with other lenders and mortgage clubs and we look forward to making further announcements shortly.”

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