L&G and Skipton launch exclusive
The deal is available up to 80% loan to value for both purchases and re-mortgages.
The product also benefits from a completion fee of £495 and no booking fee.
Martyn Smith, head of mortgage products, Legal & General Network, said: “Access to great value exclusives is becoming an increasingly important factor for brokers in deciding which network or Club they want to do business with.
“This new deal is particularly attractive with its competitive rate and low completion fee. At a time of interest rate uncertainty, now is the time that brokers should be speaking with clients on standard variable rates about securing their mortgage payments.”
Paul Darwin, head of intermediary lending at Skipton Building Society, said: “Our broker relationships are very important to us, with more than 90% of our lending being done through intermediaries.
“Therefore we’re delighted to work with clubs like L&G to provide deals which help them respond to their customer’s feedback and needs.”