Brightstar Financial has been appointed to Legal & General Mortgage Club’s specialist distributor panel as a packager and will offer all of its products to the club’s members.
L&G Club members will have access to exclusive and semi-exclusive specialist products for residential and buy-to-let mortgages, second charge mortgages, unsecured loans, short-term lending, commercial and development finance through the Brightstar Hub.
Club members will also have access to Brightstar’s Private Label brand, which launched on 4 July with a range of specialist products. They include the Mortgage Tailor focused on bespoke products, the Day One Re-mortgager, the Temporary Letter for short-term lets and the Self-Builder supporting self-build clients.
Brightstar Financial chief executive Rob Jupp (pictured) says the process has been “one of the most rigorous due diligence processes that we have ever participated in.”
“Partnering with one of the UK’s leading mortgage clubs is a huge boost for our business and we look forward to working with many of its members in the years ahead, and assisting them in developing additional income and value through specialist lending,” he says.
Legal & General Mortgage Club director Jeremy Duncombe says: “We aim to offer our members a one stop shop for all their mortgage related needs, and have worked hard to create bespoke propositions for packaging, second charge, conveyancing and later life lending to name just a few. Providing a choice of good quality partners is vital to us.”
Brightstar says it is on course to exceed £1bn in lending this year.