L&G to launch two mortgages with Leeds Building Society

Michael Lloyd

February 5, 2019

Legal & General Mortgage Club will launch two mortgage products with Leeds Building Society, a semi-exclusive 95% LTV residential product and an exclusive holiday buy-to-let product. 

From today, members will have access to the 95% LTV residential product. It’s a 2-year fixed at 3.09% with a maximum loan value of £300,000 and a free valuation and no product fee.

Danny Belton, head of lender relationships, Legal & General Mortgage Club, said: “Legal & General Mortgage Club has a very strong relationship with Leeds Building Society and we are excited to work with them to further strengthen our development in these areas of the market, bringing exclusive products to our key partners.”

The semi-exclusive allows for 10% penalty free capital over-repayments each year. The product also features an initial fixed period followed by a 1% SVR discount (currently 4.69%) until 30 April 2024. This product is only available for purchase applications.

With effect from Friday 8 February, members will also have access to Leeds Building Society’s exclusive holiday let mortgage until 31 May 2024.

The product has a fixed rate of 2.74% with a maximum LTV of 70% and a maximum loan value of £500,000. It’s available for purchase and remortgage applications and has a fee of £999.

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