Legal & General Mortgage Club celebrates 20th Anniversary at its Annual Mortgage Club Awards 2015
- The Annual Mortgage Club Awards 2015 will be hosted on Friday 19th June at The Guildhall, London.
- The Mortgage Club now offers 4,000 products, compared to 407 in 1995.
- £40bn completions in 2014, up from £1bn in 1995.
Legal & General Mortgage Club is celebrating its 20th anniversary this week at the annual Mortgage Club Awards. Launched in 1995, the Legal & General Mortgage Club has grown to be one of the biggest networks in the market, on track for £44bn of completions in 2015.
The Club has grown consistently since its inception, with the network now offering over 4,000 products to its 8,000 members, and placing around one in five mortgages across the UK.
The annual Mortgage Club Awards 2015, will be held on Friday 19th June at The Guildhall, London. The awards recognise both lenders and advisers for their contribution to the sector.
Jeremy Duncombe, Director, Legal & General Mortgage Club, said:
"Celebrating the Mortgage Club's 20th anniversary is a huge milestone for us. We now sit proudly as the largest distributor of mortgages in the UK, with around 30% of the intermediary market share.
"Since the launch of the Mortgage Club in 1995, we have seen major shifts across the industry, from regulatory changes to economic upturns and downturns. In fact, the very way in which business is carried out has evolved. Twenty years ago, proc. fees largely didn't exist. Today, they have become the basis of the distribution model.
"The Club has aimed to provide our members with support and guidance through all these shifts. Our high quality channel allows them access to exclusive products as well as tools such as Mortgage Club TV and the Mortgage Club Roadshow, which are designed to aid intermediaries' in their day to day activities.
"Of course, the Club would be nothing without its members, so we are very much looking forward to celebrating the successes of our brokers and lenders at the 2015 Mortgage Club Awards on Friday."
NOTES TO EDITORS
ABOUT LEGAL & GENERAL:
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
The Legal & General Group, established in 1836, is one of the UK's leading financial services groups. As at 31 December 2014, the value of our assets under management across the group, based on current economic conditions, is £710 billion. We have over nine million customers in the UK for our life assurance, pensions, investments and general insurance plans.
Legal & General is one of the biggest providers of index-tracking investments in the UK, managing £274.8 billion as at 31 December 2014.
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