Legal & General highlights benefits of mortgage tool

Date:Friday 16th April 2010
Author: Max Freedman

The Legal & General Mortgage Club has unveiled a new piece of computer software designed to keep mortgage advisers up to date on the latest products.

Once downloaded from the Mortgage Club website, the desktop tool sits in a corner of the computer screen and will alert advisers as soon as exclusive new mortgages become available.

Ben Thompson, director of mortgages at Legal & General, said the application will provide advisers with an "extra competitive edge" in the fast-moving mortgage industry.

"We're working with lenders all the time to bring new, competitive and innovative products to market," he added.

Recent products launched by the Legal & General Mortgage Club include exclusive deals with Accord Mortgages and Newcastle Building Society.

Earlier this week, Legal & General announced plans to distribute a range of mortgage products for ING Direct as part of a pilot agreement.

Mr Thompson said the experimental scheme forms part of his company's effort to "reinvigorate the UK lending market with lenders providing fresh impetus to the industry".