Legal & General aiming to "reinvigorate" mortgage market
www.moneynews.co.uk > Mortgages > Legal & General aiming to "reinvigorate" mortgage market
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Money News |
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Legal & General aiming to "reinvigorate" mortgage market
Tue 13th Apr 2010
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Director of mortgages at the former organisation Ben Thompson stressed that the agreement is only a "pilot" at the moment, but he is very happy to be able to add another lender to the company's range.
He stated: "It's part of our ongoing project to reinvigorate the UK lending market with lenders providing fresh impetus to the industry."
The products will initially only be available to appointed representatives of the network, since Mr Thompson believes it is best to expand the volume of transactions in a "controlled, sensible way".
Mortgage director at ING Direct Julian Hartley responded by noting that the deal gives the firm a chance to test alternative distribution channels.
Another recent addition to the Legal & General mortgage selection has been two new fixed-rate product offered by Newcastle Building Society.
Click here for more mortgage news
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Related News : Legal and General |
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