Legal & General Mortgage Club closed on a record year in 2019, with completions totalling £78bn.
This is the highest number in the club’s 25-year history, and is a 7% rise from 2018.
The completions figure includes product transfers, however L&G said underlying growth still topped 4%.
Kevin Roberts, director of Legal & General Mortgage Club, said: “This has clearly been a positive year for advisers who have supported growth in the mortgage market throughout 2019.
“The intermediary mortgage market has continued to grow over the past twelve months and, amidst all the uncertainty of last year, advisers have continued to help thousands of borrowers whether they are buying or remortgaging.”
L&G Mortgage Club launched its SmartrCriteria tool in the past year, which gives advisers access to a wide range of criteria and follow up questions.
The tool has over 6,482 registered club members.
L&G also launched SmartrRefer, a referral proposition that allows advisers to easily refer complex cases to a network of 12 partner firms, including conveyancers and specialists in buy-to-let, complex residential, commercial, equity release, RIO, bridging and second charge mortgages.
Legal & General Mortgage Club carried out an events programme in 2019.
The business engaged with members on a regional level as part of its roadshow series, and on a national level with its Autumn conference and new build forums.
Roberts added: “Our commitment at Legal & General Mortgage Club has been to invest heavily in our members with the launch of tools like SmartrCriteria and SmartrRefer that give them the means to help even more of their clients with their housing plans.
“It’s great to see that our members are making the most of these services to evolve and grow their businesses, which has clearly been reflected in fact that advisers using the club have supported growth far beyond the wider mortgage market.
“Adding value to our members as well as raising awareness about the importance of advice is central to our objectives as a mortgage club and over the next year, we’ll be launching further initiatives, continually improving and evolving our proposition to help our adviser members deliver a truly holistic offering.”
