In order to enable a greater number of brokers to access its mortgage products, Ipswich Building Society is widening its distribution through a key number of network partners, the first of which is Legal & General Mortgage Club.
Kate Ley, Head of Mortgage Sales, Ipswich Building Society said: "Over the next six months we're really looking to expand our distribution. We've grown a reputation for being particularly active in specialist mortgage markets such as expat and self build, and we're grateful for the broker support we've had in this area to date. We're now in a position to be able to extend the opportunity to access our products to other brokers and a wider variety of their clients."
Ipswich Building Society’s entire mortgage range was previously available to Legal & General’s Key Partner firms but this latest move will enable all Legal & General Mortgage Club members access to the Society’s products.
Commenting on the relationship with Legal & General Mortgage Club, Kate Ley said: "We already have a good history of well-packaged business via Legal & General Mortgage Club and as a medium-sized building society that takes a manual approach to underwriting, the ability to have control over mortgage products and volumes is also really important to us. We’re also looking forward to working alongside Legal & General Mortgage Club to strengthen our broker relationships nationwide.”
Ipswich Building Society has a range of useful toolkits, guides and videos available to support brokers and their clients at various stages of the application and approval process, and in anticipation of a wider distribution, the Society has also increased headcount in its broker support team.
Danny Belton, Head of Lender Relationships, Legal & General Mortgage Club said:
"We've had great feedback from our advisers who have already placed business with Ipswich Building Society, and we are pleased to be extending their terms to offer products to all of our club members.
“Regional building societies play an important role in the industry and we want to ensure valued lenders such as Ipswich are on the radar of borrowers who are not in their immediate vicinity, to prevent the borrower missing out on products which are best suited to their needs. Therefore, we’re delighted to be working more closely with Ipswich Building Society for the benefit of all of our club members.”