The L&G Mortgage Club has launched a new academy aimed at enhancing knowledge in bridging finance and specialist lending. This initiative is significant for mortgage brokers, as it combines recognised qualifications with practical insights from specialist lenders, thereby improving the quality of advice available in these complex areas of the market.
TL;DR: The L&G Mortgage Club’s new academy will support 250 brokers in gaining qualifications in specialist lending; this initiative is backed by several leading lenders, enhancing educational resources in bridging finance.
What is the L&G Mortgage Club Academy?
The L&G Mortgage Club Academy is a free-to-access programme designed to educate mortgage brokers on bridging finance and specialist lending. In its inaugural year, the academy will accommodate 250 members, providing them with valuable resources to enhance their advisory capabilities. The programme has been developed in collaboration with the London Institute of Banking & Finance (LIBF) and 11 specialist lenders, ensuring that participants receive a comprehensive education.
Who are the key sponsors and partners?
This initiative is sponsored by Together, with support from various other lenders including Aldermore, Pepper Money, The Mortgage Lender, Bluestone Mortgages, InterBay, ModaMortgages, CHL Mortgages, Market Harborough Building Society, Paragon, Kensington Mortgages, and Vida Homeloans. Their involvement underscores the importance of quality education in the specialist lending sector.
What this means for mortgage brokers
For brokers, this academy represents an opportunity to deepen their understanding of bridging finance, a sector known for its complexity and the need for expert advice. Clare Beardmore, director of mortgage club at L&G, emphasised the necessity of quality adviser education in specialist lending. By participating in the academy, brokers will not only gain qualifications but also practical knowledge that can enhance their service offerings to clients.
Why is bridging finance important?
Bridging finance serves as a short-term funding solution for property transactions, often used by landlords and investors looking to secure properties quickly. With the market’s evolving needs, having well-educated brokers who understand the nuances of bridging finance is essential. This academy aims to raise awareness and improve the quality of advice available, ultimately benefiting borrowers seeking specialist finance options.
Frequently asked questions
What qualifications will brokers gain from the academy?
Brokers participating in the L&G Mortgage Club Academy will obtain recognised qualifications in specialist lending, enhancing their professional credentials.
How will this initiative impact the bridging finance market?
The academy aims to improve the quality of advice in the bridging finance sector, which could lead to better outcomes for borrowers and a more informed market overall.