L&G Mortgage Club extends Post Office range

Nia Williams

June 13, 2014

The range, which launched on 2nd June 2014 includes products aimed at first-time buyers, movers, those looking to remortgage and buy-to-let borrowers.

First-time buyers and movers can now access products with rates from 1.98% for a 2 year fixed deal and from 3.15% for a 5 year fixed rate. Both carry a £995 arrangement fee and are available up to 75% loan to value (LTV).

For those looking to remortgage rates start at 2.58% for a 2 year fix and 3.38% for a 5 year fix – neither of which carry any arrangement or valuation fees. In addition, they both have legal fees for the customer paid for by the lender.

The exclusive arrangement brings Post Office mortgages, in partnership with Bank of Ireland UK, to the intermediary market for the first time.

Commenting, Jeremy Duncombe, director, Legal & General Mortgage Club, said: “Following the successful launch of this range with our ARs I am very pleased we can extend the availability of the range to our Nouveau firms as well.

“This is a competitively priced range of new products and I am delighted that Legal & General Mortgage Club is involved in bringing them to the intermediary market.

“We believe that intermediaries will be crucial to future growth in the mortgage market so it is encouraging to see the Post Office recognise this in its plans.”

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