Legal & General Mortgage Club launches exclusive products from Leeds Building Society.
23 August 2012
Legal & General Mortgage Club is delighted to announce an exclusive product launch with Leeds Building Society. The mortgage product offers a two year fees assisted fixed rate up to and including 30 November 2014 at just 3.59% for loans up to 80% Loan to Value (LTV). There is a free valuation worth up to £335 and free legal fees for customers looking to re-mortgage. The booking fee for this product is £199 and there is no completion fee. The product represents fantastic value and beats many mortgages offered with LTVs of 75% and 70% depending on the loan size (approximately £140,000 and £95,000 respectively).
Martyn Smith, Head of Mortgage Products, Legal & General Network says:
"This is a fantastic product from Leeds Building Society. Whilst the mortgage rate price war we have seen over the last month or so has mostly been at the 60/70% LTV end of the market, this Legal & General exclusive is not only market leading at 80% but also beats many products at 70% and 75% LTV due to the winning rate and low fee combination".
Phil Coombes, Leeds Building Society's Head of Intermediary Sales said:
"This product delivers customers with the peace of mind and security that their monthly payments will remain the same for two years. Many borrowers will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage clients who may be coming to the end of their current deal. These products are ideal for re-mortgages, offering free standard valuations worth up to £335 and free in-house legal services for standard re-mortgages."
Notes to editors
About Legal & General
Established in 1836 L&G has been in business for 175 years, illustrating the company's credibility and experience in every kind of economic climate. Legal & General currently has over 7 million customers for its life assurance, pensions, investments, general insurance plans and mortgage products. In the mortgage market, L&G aims to deliver customers the right mortgage, protection and related solutions for their homes and families by providing their advisers with outstanding products and expert business support
For more information please contact:
PR Manager, Legal & General Group
t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574