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L&G launches five-year exclusive range

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  • 08/02/2012
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L&G launches five-year exclusive range
Legal & General has launched a range of unique five-year fixed rate exclusive mortgages with Cambridge Building Society.

The deals are only available via the Legal & General network and cover a maximum loan size of £250,000.

The rates offered include 4.09% to 80% Loan to Value ; 4.34% to 85% and 5.24% to 90% LTV.

The loan fees are £999 with free legals and valuations for remortgages.

Martyn Smith, head of mortgage products at Legal and General, said: “We are seeing more interest in five-year deals from those looking to take a fixed rate and these exclusives have been priced very competitively by Cambridge across the various LTV bands. They sit pretty much at the top of sourcing on rate.

“The offers are also suitable for those borrowers looking for more flexible options when it comes to remortgaging their property while still benefiting from fixed rates.”

Daniel Barker, marketing officer and product management, Cambridge Building Society, said: “As a result of the continuing low base rates, the demand from our customers for medium-term fixed rate products is significant. We are confident that these deals with the Legal & General mortgage club are very competitive against other offers on the market at present. When borrowers factor in our flexibility in terms of 10% overpayment benefits and 5% early repayment charges, we expect significant interest in these deals.”

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