Legal & General Mortgage Club has today announced a number of measures to support its members in light of the COVID-19 outbreak, to help mitigate the unprecedented impact it is having on the mortgage market and wider economy.
18 Mar 2020
To ensure advisers can keep their businesses running as smoothly as possible as the mortgage industry responds to the coronavirus crisis:
The safety of Legal & General Mortgage Club’s colleagues, members and business partners is a priority and as a result the business has made a number of further changes.
Kevin Roberts, Director, Legal & General Mortgage Club: "These are clearly unprecedented times and I want to take the opportunity to reach out to our members about what Legal & General Mortgage Club is doing to help keep advisers’ businesses running as smoothly as possible. We have invested heavily in technology in recent years and this means we are well placed to continue to operate a business as usual approach in many cases. Advisers will still find they are easily able to contact our Mortgage Support Services team and use systems like SmatrCriteria and ClubHub to help with their clients’ mortgage applications and the payment of proc fees.
At the same time, we are supporting the efforts to tackle the spread of coronavirus in our society and that is why we have taken the decision to cancel our March Spring Roadshows.
I am confident that the mortgage market will remain resilient and I want to reassure members that as one of the oldest mortgage clubs in the UK and a wider business that has 100 years of sustainability under its belt, we are here to stay and will continue to do what we can to support you in these challenging times."
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% 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.
*as at HY 2023