Legal & General joins Pepper homeloans

Legal & General Mortgage Club has joined Pepper Homeloans’ growing network of UK distributors.

Legal & General, the largest mortgage distributor in the UK, will offer the full range of Pepper’s specialist products.

These include its recently launched residential rates from 1.99% and buy-to-let rates from 2.49%.

They will be distributed via Legal & General's Key Partnership firms, with a plan to expand distribution to the full Mortgage Club shortly.

Pepper Homeloans’ product range will now be available to a significant number of intermediaries whose clients may require a more personal approach to borrowing.

Products are available up to 85% LTV residential and up to 80% LTV buy-to-let.

Pepper offers a two-year discount tracker, two-year and five-year fixed rate products, and provides a tailored approach so each application is evaluated on a case-by-case basis without relying on automated credit scores.          

Richard Klemmer, chief executive of Pepper UK, said: “We are delighted to have Legal & General Mortgage Club join our distribution panel.

“With a long established presence in the UK, we are proud to be working with a high-quality partner who has a detailed understanding of the market.

“We already work with a range of extremely experienced intermediaries and we are confident that adding Legal & General Mortgage Club to our panel will complement our proposition.”

Jeremy Duncombe, director, Legal & General Mortgage Club, said: “Our aim at Legal & General Mortgage Club is to offer a wide range of products and lenders to our intermediaries to enable them to offer competitive products to all types of customers.

“Working with Pepper allows us to continue to add value to our intermediary partners, and continue to serve some of the underserved borrowers in the market.”