L&G unveil exclusive Help to Buy product

Jessica Nangle

September 13, 2019

Legal & General Mortgage Club has unveiled an exclusive Help to Buy product for members available through Precise Mortgages.

Members can now access a 2-year fixed rate 75% LTV Help to Buy product at a rate of 3.94%.

The product has a minimum loan value of £25,000 and a maximum of £450,000 with fees of £995.

There is also a refund valuation fee available up to £630 which is payable on completion.

Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “With so many first-time buyers taking advantage of the Help to Buy scheme, having specifically designed products from specialist lenders with carefully thought out features such as the fixed, and partially refundable, valuation fee on this exclusive is crucial.

“The team at Precise Mortgages have a dedicated new build priority processing team to support customers and their development of products like this is helping to improve credit availability for those making their first moves onto the property ladder.”

The product aims to help first-time buyers with a small deposit get onto the property ladder.

Only one sustainability check and one-year of self employed trading is needed.

Alan Cleary, managing director at Precise Mortgages, added: “We are delighted to offer this exclusive deal to Legal & General Mortgage Club, which is ideal for applicants purchasing with smaller deposits.

“With a maximum loan amount of £450,000, we’re confident that this product can help a wide range of first-time buyers looking to secure a great value, fixed-rate product.

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