Lending volumes up 17% at L&G Mortgage Club

Legal & General Mortgage Club carried out  £11.6bn of mortgage completions in 2010, a 17% increase on lending volumes in 2009.

Figures from the Council of Mortgage Lenders show there was £142bn of gross lending in 2009 however in 2010 this fell to £136.3bn, which shows L&G Mortgage Club is bucking the trend.

Ben Thompson, managing director at Legal & General Mortgage Club says despite the continued uncertainty in the housing market and with future regulation still a little unclear, he is positive and very optimistic for the year ahead.

He says: “We are successful because we have the ability to make the most of our strong corporate relationships with many banks and lenders but also we can continually research, analyse and measure real-time transactional data and trends to ensure we understand the needs of the market and react quickly to seize the right opportunities.

“Our strong relationships with many partners and lenders, is vital and allows us to develop a broad choice of competitive products and services that have wide appeal.”