Legal & General Network partners with Investec to promote its mortgage proposition.
07 September 2011
Legal & General has signed a new partnership with Investec Specialist Private Bank to promote its mortgage proposition to its high net worth clients.
Investec provide custom-built mortgages of £1 million or more. They take into account a client's income, affordability and also their earning potential, as opposed to simply the value of the mortgaged property.
This enables them to develop mortgages that are designed around the individual circumstances of the client, which includes scheduling repayments and to a timescale that suits them. Aimed at owner-occupied, second home or investment properties, Investec also provide lending to a variety of onshore and offshore structures including SPV's and trusts, single foreign currency for UK property purchases and bridging facilities.
Commenting on the new partnership Martyn Smith, Head of Mortgage Products, Legal & General Network said, "I am delighted that we have agreed this new partnership with Investec. This allows us to widen our proposition to offer greater flexibility and choice for our members who require lending at the upper end of the market or who have more complex requirements".
Jack Jones of Investec Specialist Private Bank said, "Teaming up with Legal & General Network is an exciting development for us. The super-prime residential market is performing well at the moment and with our flexibility and focus on the client as opposed to the property, providing mortgages to this market is a huge opportunity for us".
Notes to editors
The information contained in this press release is intended solely for journalists and should not be relied upon to make any financial decisions.
For more information please contact:
PR Manager, Legal & General Group
t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574
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