Press releases
Legal & General adds ten lenders to its SmartrFit tool
Legal & General’s SmartrFit tool is free to use and can be accessed by all advisers using a Legal & General agency number, or via third parties including SimplyBiz Mortgages, One Mortgage System, and Smartr365.
21 Jul 2022
Legal & General has today announced the integration of ten lenders to its mortgage research tool SmartrFit.
The tool will now allow advisers to carry out criteria, affordability, and product searches for residential and buy-to-let mortgages from a panel of up to 73 lenders.
New residential lenders include Teachers for Intermediaries, Newbury Building Society, and Newcastle for Intermediaries. The mortgage research tool will also include results for Mansfield Building Society, Darlington Building Society, and Quantum Mortgages’ buy-to-let ranges.
Legal & General builds and maintains its tech tools directly with lenders. This includes rigorous testing processes that are undertaken by all parties.
The integration of these lenders is intended to save time for advisers, who can now focus on offering a more tailored service to their client base.
Danny Belton, Head of Lender Relationships, Legal & General Mortgage Club: “These additional providers will ensure there’s even more choice for advisers, and crucially, their customers, especially beyond high street lenders. By integrating more bespoke mortgage lenders that specialise in residential and buy-to-let markets, we are pleased to enable access to a broader range of providers which may prove particularly useful for landlords with specific borrowing needs.”
Roger Knight, Lending Manager, Newbury Building Society: “At Newbury Building Society, we understand that each client has individual needs, and with our residential mortgages now live on SmartrFit, we hope this will leave advisers with a wider range of options at their disposal when trying to find the most appropriate mortgage for their customers.”
Diane Lloyd-Andrews, Intermediary Relationship Manager, Teachers for Intermediaries: “We appreciate that there are a whole host of obstacles for advisers trying to source the best suited mortgage for their customers, and that the use of mortgage research tools is imperative in helping advisers work effectively in today’s market.“Therefore, at Teachers, we’re delighted to now have our mortgage products on SmartrFit and provide Legal & General users with even more choice to make informed decisions for their customers.”
Further information
Notes to editors
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management1 of which 40% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
1Data as at 31 December 2023.
Legal & General Retail helps create brighter financial futures for all our customers. The division covers the savings, protection and retirement needs of our c.14 million retail policyholders and workplace members.
In 2023, we had total individual annuity sales of £1,431 million, and issued £299 million of Lifetime Mortgages and Retirement Interest Only Mortgages. Our Workplace pension platform served 5.2 million members, while our Protection businesses gave peace of mind to several million direct, group and US customers, taking in £1,991 million of UK and $1,584 million of US gross written premiums.