Experian and L&C form pioneering new partnership

L&C is excited to announce that it is joining forces with global information services group Experian, in a pioneering move which aims to consolidate L&C’s position as the UK’s leading fee free mortgage adviser. Experian will acquire a 25% minority stake in L&C, subject to consent by the city regulator the Financial Conduct Authority (FCA). It is the first time a specialist mortgage adviser and a global information services group will have worked together. Mike Edge, chairman at L&C, will remain the majority shareholder of the company. He said: “We are delighted that Experian has chosen to invest in L&C, a fantastic business that has attracted growing numbers of customers by pioneering high quality, fee free mortgage advice. “The market is changing at pace and we are determined to lead the way through this exciting partnership with Experian to accelerate the growth and development of our hybrid digital proposition. Together we will build an even stronger business than we have today.”L&C will continue to offer fee free mortgage advice as usual and remains committed to finding the very best mortgage deals and providing a great service for its customers. Clive Lawson, managing director of Experian Consumer Services, said: “We’re excited about the potential of this partnership and the opportunities we see to work with L&C to improve customer experience in the UK mortgage market.”