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L&G Club gives members access to secured loans platform

Legal & General Mortgage Club has teamed up with The Lending Wizard software platform to give its members access to online sourcing for secured and unsecured loans.

Ben Thompson, managing director of L&G Mortgage Club, says: “The Lending Wizard loans system is a great addition to our offering for advisors looking to raise additional finance for customers in situations where a traditional remortgage is not available or not best advice.

“As a master broker, The Lending Wizard will provide advisors and their customers with instant, accurate quotations from their panel of lenders using a soft quotation credit search without negatively impacting on the customer and their credit score.”

Nicola Winter, managing director of The Lending Wizard, adds: “Advisors will find our system easy to use no matter what their level of experience in the secured and unsecured loans market.

“Ultimately we hope to assist in giving greater breadth of options to their customers in a prompt and accurate way that does not impact negatively on their credit score.”


Co-op gives reassurance over future of Platform

The bank is closing Platform’s London office in Canary Wharf and relocating the departments to other locations, mainly Manchester. A spokesman for the Co-operative Bank says it remains committed to its Platform brand and plans to increase lending in this market, especially through buy-to-let. He says: “While the mortgage market remains challenging we regularly review […]

We will offer more 95% LTV loans in 2012 pledges Leeds

Leeds Building Society has promised to boost 95% LTV lending this year, following its 25% increase in gross mortgage lending in 2011. The society reported gross mortgage lending of £1.23bn in 2011, up from £984m in 2010. Overall, it saw pre-tax profits of £50.2m in 2011, up 19% from £42.2m in 2010. Peter Hill, chief […]


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