L&G launch fixed rate exclusive
The range includes:
- Rate of 3.10% for new purchase;
- Rate of 3.34% for remortgage where the loan is up to 60% LTV;
- Rate of 3.44% for up to 75% LTV for new purchase;
- And two further options where the LTV is up to 90% for new purchase, which start at 5.99%. These two options also offer the benefit of a refunded valuation fee.
The options with 60% and 75% LTV are available for loans up to £1million and the 90% LTV offer is available for loans up to £750,000.
These Mortgage Club exclusive deals are only available through appointed representatives of the Legal & General Network.
Martyn Smith, head of mortgage products at Legal & General said: “We have seen a significant shift in the take up of fixed rate deals during the first two months of 2011 and so expect these exclusive two year fixed rates to be very popular with advisers and their customers.
The lower LTV options will be of particular interest to those advisers in the large loans market, being available up to £1million and the 90% LTV deals will provide a much needed boost to those with a smaller deposit.”