L&G to offer commercial loan

Nia Williams

November 12, 2009

The 3-year, fixed rate, buy-to-let commercial loan, provided by Tiuta, is available at 6.99% to 70% LTV.

Ben Thompson, director, mortgages at Legal & General said: “Omega is one of the top commercial loan providers in the market and this buy-to-let loan is an indication that life is returning to the commercial property market. Everyone from landlords to pension funds want to get in on theact and we’re pleased to be one of the distributors with access to this product.”

Legal & General Mortgage Club launched its commercial loans service in June this year, with Omega and The Business Mortgage Company.

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