Press releases

Legal & General Mortgage Club launch Buy to Let exclusive.

Martyn Smith - Head of Mortgage Products - Legal & General
Martyn Smith
Head of Mortgage Products
Legal & General

13 January 2011

Martyn Smith - Head of Mortgage Products - Legal & General
Martyn Smith
Head of Mortgage Products
Legal & General

This Buy to Let tracker deal is exclusive to members of the Legal & General Mortgage Club.

Platform is a significant player in the intermediary mortgage market, having won many industry awards and is committed to helping boost the market with competitive and innovative lending deals.

The new Buy to Let Term tracker available from 12th January is being offered at a rate of 4.99% and is available up to 70% for both purchase and re mortgage. It has no early repayment charges and comes with a £2,495 fee which is added to the loan. Re mortgage customers can benefit from a free valuation and free standard legal fees.

Commenting on the new deal, Martyn Smith, Head of Mortgage Products for Legal & General Mortgage Club said, "This is really good news from Platform and great news for mortgage intermediaries. The market needs a return of confidence and the buy to let market has significant opportunities and growth potential for 2011. We are therefore delighted to offer this new buy to let exclusive to our members."

Lee Gladwell, Business Development Director at Platform said, "This year, we plan to grow our presence in the intermediary market including an increase in our buy to let business. This is because brokers have been telling us of the increased interest they're seeing from cash-rich investors keen to move money form cash savings into property as demand for rental property grows."

Ends

Notes to editors

The information contained in this press release is intended solely for journalists.

4.99% BTL Term Tracker to 70% LTV

BBR plus 4.49% for term


For more information please contact:

Alyson Bowcott

Alyson Bowcott
PR Manager, Legal & General Group

t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574
e: alyson.bowcott@landg.com


About Legal & General

Legal & General Group Plc.

Registered Office: 
One Coleman Street 
London 
EC2R 5AA.

Registered in England. Registered Number: 1417162.

Legal & General Group Plc is a holding company, subsidiary undertakings of which are fully authorised as appropriate under the Financial Services and Markets Act in respect of their investment activities in the UK.

© Legal & General Group Plc 2011


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