Legal & General Mortgage Club appoints new partner for SmartrRefer

Connect for Intermediaries has been appointed by Legal & General Mortgage Club as one of its recommended partners on its new referral service, SmartrRefer.

The service, previously known as Club Extras, will allow Legal & General Mortgage Club advisers to refer all mortgage cases to Connect for Intermediaries, including buy-to-let (BTL) and complex portfolio cases, commercial, bridging, development, second charge, overseas and ex-pat mortgages, as well as mainstream and non-standard mortgages.

As a recommended partner, Connect for Intermediaries is offering both a packager and a referral service. Legal & General Mortgage Club members will have access to over 140 lenders for referred cases and more than 60 lenders through Connect’s packager panel.

The packager, which helps both directly authorised (DA) brokers and appointed representatives (ARs) from other networks to source and place their more specialist mortgage cases, will allow Legal & General Mortgage Club members to be paid within three days of the money being received from the lender, as well as 100% of commissions.

CEO of Connect for Intermediaries, Liz Syms, said: “It is a great honour to be a trusted and recommended partner of Legal & General Mortgage Club and to be able to broaden the service that we provide to their members. Legal & General Mortgage Club members can now benefit from the whole range of mortgages and loans that we can provide across 140 lenders offering both specialist and mainstream using either the referral or packaging service.”

Connect will take full compliance responsibility for the advice to the client when a broker refers a case to them. The specialist mortgage network will pay the broker a share of the commission, plus a share of any offer or completion fee charged to the client, and the more cases a broker places with Connect, the higher the share of the commission they will receive. Up-to-date commission rates can be found on Connect for Intermediaries’ website.

Head of broker relationships and propositions at Legal & General Mortgage Club, Craig Hall, added: “Connect for Intermediaries has proved to be a highly competent packager and master broker that has high standards across a wide area of mortgages and loans. They have passed our thorough due diligence process and have been selected as one of our SmartrRefer partners to aid advisers who may need that extra bit of assistance with specialist mortgage cases.”

    Share Story:

Recent Stories


Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.

An outlook on the BTL market
MoneyAge Editor, Adam Cadle, talks to Landbay senior regional account manager, Alex Witham, about current market sentiment within the BTL space and Landbay’s success in this area

Empowering advisers: A decade of education in Later Life Lending with Air Academy
Michael Griffiths is joined by chairman of Air Club and former founder and CEO of Air, Stuart Wilson, and head of the Air Academy, Daniel Holden, to look back on a decade of business focused learning at the Air Academy.


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.