The L&G Mortgage Club has announced the launch of a new academy aimed at enhancing education in bridging finance and specialist lending. This initiative is particularly important as it seeks to equip brokers with the necessary skills and qualifications to navigate one of the most intricate areas of the mortgage market.
TL;DR: The L&G Mortgage Club’s new academy will support 250 brokers in its first year, focusing on bridging finance education; this initiative aims to improve adviser expertise in specialist lending.
What is the L&G Mortgage Club Academy?
The L&G Mortgage Club Academy is a free-to-access programme designed to provide education and training specifically in bridging finance and specialist lending. In its inaugural year, 250 members of the Mortgage Club will participate, gaining access to both a recognised qualification and practical learning experiences from various specialist lenders.
Who are the key partners involved?
The academy has been developed in collaboration with the London Institute of Banking & Finance (LIBF), alongside multiple platform partners and 11 specialist lenders. Notable sponsors include Together, Aldermore, Pepper Money, The Mortgage Lender, and Bluestone Mortgages, among others. This diverse support network underscores the importance of quality education in the specialist lending sector.
What does this mean for bridging finance brokers?
For brokers, this academy represents a significant opportunity to enhance their knowledge and expertise in bridging finance. As specialist lending often requires nuanced understanding and tailored advice, the initiative aims to raise the overall standard of advice available in the market. Clare Beardmore, director of the mortgage club at L&G, emphasised that quality adviser education is essential in this advice-rich area.
Why is this initiative important now?
The launch of the academy comes at a time when the demand for specialist finance solutions is on the rise. As more borrowers seek out tailored lending options, brokers equipped with the right knowledge will be better positioned to meet client needs. Nick Parker, sales director at Together, highlighted the importance of engaging educational content to support brokers in achieving their qualifications, thereby enhancing their ability to advise clients effectively.
Frequently asked questions
What qualifications will brokers gain from the academy?
Brokers participating in the L&G Mortgage Club Academy will work towards obtaining CPSP qualifications, which are recognised in the industry and focus on specialist lending practices.
How can brokers get involved in the academy?
Brokers interested in participating in the academy can apply through the L&G Mortgage Club, with the first cohort limited to 250 members in its pilot year.