L&G partners with Buckinghamshire BS

Yuan Phoon

April 16, 2012

The Buckinghamshire offers a mortgage range which includes a retirement mortgage product designed for borrowers aged 65 years and over.

The product specifically available for L&G members is an interest-only or capital repayment loan of up to 50% loan to value with a maximum loan size of £350k.

The remaining minimum equity after the proposed loan must be at least £150k.

Interest-only affordability and how lenders can protect themselves

Martyn Smith, head of mortgage products at L&G Mortgage Club, said: “They offer a flexible approach when assessing mortgage applications and their team of experienced underwriters are able to make informed decisions on an individual basis, which means that they can advise which product is best suited for each customer.

“I am confident their range of quality products and excellent customer service will prove very popular with our members.”

Ivan Gould, chief executive at Buckinghamshire, said: “We are delighted to have formed a relationship with L&G who have a strong reputation as a network that is able to offer high quality mortgages.

“The products we are offering will enable the Bucks to expand by fulfilling a valuable role in the housing market whilst maintaining our focus on security and safety for our members.”

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