Howard Levy said that the situation at the moment is accidentally creating mortgage prisoners.
The majority of 18 to 34 year-old borrowers believe they will have paid off their mortgage by the time they’re 51.
The products are a 2-year fix at 3.79%, a 2-year tracker at 3.64% and a 5-year fixed at 3.99%, all with £1,000 cashback.
Guardian, the protection challenger operated by Gryphon Group Holdings, is piloting its life and critical illness proposition with L&C, Paradigm, Sesame Bankhall Group and SimplyBiz Group.
Last month The Sun reported that in one case a customer was rejected due to using ‘inappropriate language’ on the reference when making online banking payments.
The Glide TV advert, voiced by David Mitchell, shows us the calm exterior of the swan on a lake, before diving underwater to show us the furiously paddling legs propelling it.
The pair have been in discussions since autumn, while if the deal goes through Corsair chairman Lord Mervyn would sit on L&C’s board.
Overall 36% of home owners are on a Standard Variable Rate mortgage (SVR) which are typically higher with people in London paying £266 more than they should each month.
Before floating L&C plans to seek an investor for a minority stake in the company to help grow the business.