L&G launches Leeds exclusive
There is a free valuation worth up to £335 and free legal fees for customers looking to remortgage.
The booking fee for this product is £199 and there is no completion fee.
Martyn Smith, head of mortgage products at Legal & General Network, said: “Whilst the mortgage rate price war we have seen over the last month or so has mostly been at the 60/70% LTV end of the market, this Legal & General exclusive is not only market leading at 80% but also beats many products at 70% and 75% LTV due to the winning rate and low fee combination.”
Phil Coombes, Leeds’ head of intermediary sales, added: “This product delivers customers with the peace of mind and security that their monthly payments will remain the same for two years.
” Many borrowers will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage clients who may be coming to the end of their current deal. These products are ideal for re-mortgages, offering free standard valuations worth up to £335 and free in-house legal services for standard re-mortgages.”