Legal and General Mortgage Club has launched semi-exclusive remortgage and product transfer products through Skipton Building Society.
There is a two-year fix at 70 per cent loan to value (LTV) with a rate of 4.79 per cent, as well as a five-year fix at the same LTV tier and priced at 4.29 per cent.
The products are set to cater to the 1.8 million fixed rate mortgages which are expected to mature this year, according to data from UK Finance.
This also follows a similar launch between Skipton Building Society, PMS Mortgage Club and Sesame Network which was announced on Wednesday.
Danny Belton (pictured), head of lender relationships at Legal and General Mortgage Club, said: “With 2023 set to be another bumper year for refinancing, it is crucial that we expand our product offering and support for advisers in this area.
“Product transfers made up just under a quarter of completions through mortgage club last year, marginally up on 2021, and I would not be surprised to see this climb further in 2023. We pride ourselves on partnering with a vast array of lenders – of all sizes and specialisms – and look forward to further product and lender updates later this year.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
