The lender, which will initially focus on professional landlords who are underserved by high street lenders, will launch in March with a controlled distribution panel of L&G Mortgage Club members.
L&G members will have access to Quantum Mortgages’ full product suite of single unit properties including Northern Ireland, high rise, new build, studio, and ex local authority flats, MUFB’s, HMO’s, holiday and student lets, as well as semi commercial properties.
The lender will also offer solutions for complex limited company structures, expats and for-eign nationals.
Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “Having previously worked with the Quantum Mortgages management team during their time with previous lenders, they have a proven track record of delivering mortgage products that are flexible and valued by our club members.
“I have no doubt our key buy-to-let firms will find the Quantum Mortgages product range has plenty of new solutions for their professional landlord clients.”
Spencer Gale, sales director at Quantum Mortgages, added: “It’s an honour for us to launch with such a prestigious and well-respected partner as Legal & General Mortgage Club.
“The field team that has been put together have existing relationships with many of the mem-ber firms, so they were the obvious choice to launch with.
“We will work hard to ensure we are adding real value and provide genuine alternative solu-tions for the more complex buy-to-let circumstances.”
