L&G Mortgage Club launches Leeds 4-year fix
The product allows 10% capital repayments each year, with tapered early repayment charges of 4/4/3/2% of the amount redeemed.
Martyn Smith, head of mortgage products at Legal & General Network, said: “Leeds has produced a market leading product that compares favourably to the best 2-year fixed rates currently available at 85% LTV whilst also managing to keep fees low.
“This exclusive came about directly in response to feedback from our brokers at Legal & General so it is particularly pleasing that we have been able to deliver this to them in conjunction with the excellent team at Leeds.”
Phil Coombes Leeds head of intermediary sales, added: “Once again I am pleased to see that we have been able to listen to the needs of Legal & General and are able to provide another competitive product that complements the portfolio of products we have.
“I am sure Legal & General members will find the product suitable for their clients, offering stable payments for four years whilst allowing capital repayments annually.”