Legal & General Mortgage Club is offering an exclusive lifetime tracker mortgage at Bank Base Rate plus 3.39% (initial rate 3.89%), funded by ITL Mortgages.

The mortgage is capped at 5.89% until 31/01/13, and available to a maximum LTV of 80% and a maximum loan size of £500,000.

ITL Mortgages is the intermediary lending arm of the Stroud & Swindon building society.

Martyn Smith, head of mortgage products at Legal & General said: “This lifetime tracker comes with a cap for the next three years