L&G Mortgage Club adds Shawbrook products

Ryan Bembridge

December 20, 2017

Legal & General Mortgage Club has added Shawbrook’s second charge and later life products to its panel.

Shawbrook’s prime second charge product has rates from 3.40% above base rate up to 95% loan-to-value for applicants up to the age of 80.

Meanwhile its 55 plus interest-only product, available for borrowers up to the age of 85, offers terms of 5-15 years with variable rates from 4.75% and fixed rates from 5%.

Danny Belton, head of lender relationships, Legal & General Mortgage Club, said: “We are really proud to announce our latest partnership with Shawbrook Bank, a very welcome addition to Legal & General Mortgage Club’s lender panel.

“Shawbrook’s innovative and competitive products will support our second charge and Later Life lending propositions and we look forward to working closely together and strengthening our development in these growing market sectors.”

Maeve Ward, managing director of residential mortgages at Shawbrook Bank, said: “We’re excited to have launched these products with Legal & General Mortgage Club.

“Shawbrook is committed to supporting customers with a variety of borrowing needs and hope that these products will enable more brokers to find the right mortgage for their customers.

“Particularly older borrowers looking to secure the right mortgage for their situation, so they can enjoy a more comfortable retirement.”

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