Legal & General Mortgage Club has reported a record month in October 2019, with completions totalling £7.5bn, the highest monthly number in the club’s 24-year history.
The previous record – £7.1bn – was set in October 2018.
In 2019 Legal & General Mortgage Club has focused on transforming the services on offer to lenders and advisers.
The Club has expanded its adviser and lender facing teams, and now has over 5,750 club members registered with SmartrCriteria.
Kevin Roberts, director, Legal & General Mortgage Club, said: “We are in a highly competitive mortgage market that has seen lenders widen criteria and drop rates to compete for business. This environment has meant borrowers need to rely on the value of advice more than ever and advisers have reacted brilliantly to meet these demands. It is fantastic to see that Legal & General Mortgage Club remains the go-to choice for lenders and advisers alike.
“A thriving mortgage market is encouraging but in order for this to continue it is important that advisers do not get complacent. Advisers need to ensure they have a holistic offering catering to the changing customer demographics, this will help to deliver a robust business model that is able to adapt as new challenges arise.”