Press releases

Legal & General Mortgage Club announce new trading relationship with Positive Solutions.

Ben Thompson, Managing Director, Legal & General Mortgage Club
Ben Thompson
Managing Director
Legal & General Mortgage Club

26 October 2011

Ben Thompson, Managing Director, Legal & General Mortgage Club
Ben Thompson
Managing Director
Legal & General Mortgage Club

Legal & General Mortgage Club today announce a new mortgage trading relationship with Positive Solutions, the UK's largest national IFA.

Under this new relationship, IFA Partners of Positive Solutions will have access to a wealth of lending choice and exclusive mortgage products not previously available to them, as well as benefitting from many other products and serivces that the club offers.

Positive Solutions has over 1,100 IFA Partners and Mortgage Brokers who completed £1.5 billion of lending in 2010, making this a significant addition to Legal & General Mortgage Club.

Commenting on the new relationship, Peter Coleman, Commercial Director, Positive Solutions said, "We have taken time considering what the best approach is for mortgages for our Partners. Following the appointment of Andy Bell as Mortgages & General Insurance Manager we have undertaken a thorough review of our current Mortgages & General Insurance Club. Having researched the market place we believe our new relationship with Legal & General will offer our Partners better value, a wider choice of products and more exclusive deals. In addition we are making our charging structure more competitive for mortgage brokers and working with exclusive GI partners. We chose to work with Legal & General because of their scale, vast choice and financial strength and are excited about how we will now work jointly to ensure this relationship generates more business for Partners and Positive Solutions".

Ben Thompson, Managing Director, Legal & General Mortgage Club said, "Positive Solutions is precisely the type and quality of business that we want to be forging closer links with. It is clear that lenders are increasingly going to look at the quality of their distribution and will reward those that can demonstrate high standards as well as of course scale. The link up with Positive Solutions will help us to build further volume and quality to the Club, as well as provide us the oportunity to work with their management to look at ways to unlock new financial planning opportunities for Partners and the Group. We are delighted to be working together".

ENDS


For more information please contact:

Alyson Bowcott

Alyson Bowcott
PR Manager, Legal & General Group

t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574
e: alyson.bowcott@landg.com


About Legal & General

Legal & General Group Plc.

Registered Office: 
One Coleman Street 
London 
EC2R 5AA.

Registered in England. Registered Number: 1417162.

Legal & General Group Plc is a holding company, subsidiary undertakings of which are fully authorised as appropriate under the Financial Services and Markets Act in respect of their investment activities in the UK.

© Legal & General Group Plc 2011


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