Mortgage News
L&G launches fixed-rate mortgages with Newcastle
Legal & General (L&G) Mortgage Club has launched two new fixed rate products, provided by Newcastle Building Society.
The new mortgages include a two-year fixed rate at 6.25% with a maximum LTV of 90% with a £195 reservation fee and £499 completion fee.
There will also be a five-year fixed rate at 5.39% with a maximum of 80% LTV with a 195 reservation fee and a £800 completion fee.
Martyn Smith, head of mortgage products at Legal & General said: “The higher LTV market is coming back and these are good examples of competitive rates at those levels. The two year rate is closing the gap on tracker products at 90% and the five year deal is very keenly priced for those looking for a stability of mortgage payments over a longer period.”
Steven Marks, intermediary services executive at NBS, said: “We are pleased to progress our relationship with L&G further with these two competitive fixed rate products. The Newcastle is keen to support homeowners with attractive offers and we’re confident these products will prove to be popular to the Mortgage Club and its customers.”
Episode 4: New Build: Powered by Partnership podcast from Newcastle for Intermediaries
Sponsored by Newcastle for Intermediaries