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Legal & General confirms principal status for mortgages

L&G has confirmed that it will take principal status under mortgage regulation next October. It is starting discussions with business partners to communicate how it intends to operate in the new market.

Managing director, intermediary solutions Graham Newitt says: “The development of our proposition is a significant project and it is progressing well across a number of workstreams. Many people from across Legal & General&#39s business are now involved in making our proposition work.”

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