They include Mortgage Advice Bureau, Alexander Hall, London & Country Mortgages, SPF Private Clients and Honister Capital. Other Directly Authorised Firms are expected to join over the coming months.
Ben Thompson, Managing Director, Legal & General Mortgage Club said:
“I am very pleased to announce this new move to work more closely with these top businesses. All of them are already successful and very well established in their own right.
"The common ground they all share is they wish to sign up to a high standard of risk and compliance controls as part of a move to positively influence change, not only within their own businesses but also across the intermediary sector as a whole.
"There is a shared goal to bring about positive change post credit crunch and establish new ways to form lender relationships that align more closely with quality.
"Irrespective of when and how the FSA’s Mortgage Market Review and the EU Mortgage Directive are implemented, we believe this is the right thing to do now and expect this to have the impact of positioning intermediaries even more clearly as the channel of choice for the majority of lenders in the future.”
