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Leeds and L&G launch exclusive 4.29% four-year fix

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  • 17/10/2012
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Leeds and L&G launch exclusive 4.29% four-year fix
Legal & General Mortgage Club has partnered with Leeds Building Society to launch a four-year fixed rate product at 4.29%.

The L&G exclusive product is available on loans up 85% LTV and comes with a booking fee of £199 and a completion fee of £300.

The network said that this product was launched after direct feedback from its members asking for a competitive four-year fix from a major lender.

Phil Coombes, head of intermediary sales at Leeds Building Society, commented: “Once again I am pleased to see that we have been able to listen to the needs of Legal & General, and are able to provide another competitive product that complements the portfolio of products we have.

“I am sure Legal & General members will find the product suitable for their clients, offering stable payments for four years whilst allowing capital repayments annually.”

Martyn Smith, head of mortgage products at Legal & General Network, added: “Leeds BS has produced a market leading product that compares favourably to the best two-year fixed rates currently available at 85% LTV whilst also managing to keep fees low.

“This exclusive came about directly in response to feedback from our brokers at Legal & General so it is particularly pleasing that we have been able to deliver this to them in conjunction with the excellent team at Leeds Building Society.”

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