L&G unveils Cambridge exclusive
New products include a residential 5-year fix at 3.69% to 90% loan-to-value and a 2-year buy-to-let discount at 2.79% to 75% LTV.
Both remortgage products benefit from no valuation fees, while the residential deal will waive legal fees.
Jeremy Duncombe, director at Legal & General Mortgage Club, said: “These exclusive rates are extremely competitive, and target two growing areas of the market. We are delighted that The Cambridge has chosen us to distribute these products, adding further value and diversity to the offerings our brokers bring to the table.
“The combination of a high LTV and a low rate is a great blend for borrowers wanting the security of a 5-year fixed rate. The buy-to-let product also adds a greater level of value and choice to the market by offering a discount rather than a fix.”
Tracy Simpson, head of lending at The Cambridge, said: “We’ve worked hard to create a range that will be attractive to both residential and buy-to-let customers and look forward to seeing how popular they are.”