Legal and General Mortgage Club has announced that a further six mortgage lenders have signed up to the SmartrFit solution it has created, which is designed to assist advisors.
SmartrFit makes it quicker and easier for mortgage advisors to locate lenders with products that meet the needs of their clients. As of now, advisors will also be able to access products that are on offer from the Post Office, Vernon Building Society, Leeds Building Society, Bank of Ireland, Pepper Money and Aldermore Bank using the tool.
Access to the SmartrFit solution comes at no cost to advisors, and it is available both to those who are members of the L&G Mortgage Club and those who are not. Advisors who have not joined this club will have to have a special agency number if they want to be able to get past the login stage of the tool.
Clare Beardmore from L&G Mortgage Club told Financial Reporter that the solution saved advisors valuable time when searching for mortgages, while also ensuring ultra-accurate results. She then went on to say that the latest lender additions meant more choice beyond standard high street options, adding:
“By involving specialist and more bespoke mortgage lenders, such as Aldermore and Vernon Building Society, we are enabling access to a broad range of providers which may prove particularly useful when sourcing for applicants with complex borrowing needs.”
This is likely to be helpful for any advisor with a CeMAP qualification, as the effects of the pandemic make specialist lending more attractive.