L&G expands panel and launches new mortgage range

Published on

Legal & General Mortgage Club has added Newcastle Building Society to its panel of lenders and is now offering semi-exclusive products up to 80% LTV.

There is a two-year fixed rate at 3.65% with 3% early repayment charge or 4.50% with no early repayment charge and a two-year discount at 2.89% (SVR minus 3.10%) with 3% early repayment charge or 3.79% (SVR minus 2.20%) with no early repayment charge.

Finally, there is also a two-year tracker at 2.49% (BBR plus 1.99%) with 3% early repayment charge or 3.55% (BBR plus 3.05%) with no early repayment charge.

Martyn Smith, head of mortgage products at Legal & General, said: “The higher LTV market is coming back and these are good examples of competitive rates at those levels. We welcome Newcastle Building Society to our panel and look forward to a mutually beneficial partnership with more exclusive products to come.””

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Rising cost of living could stall housing market activity

The rising cost of living remains the most pressing concern for Britons and could...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has announced reductions of up to 0.25 percentage points on selected...

Homeowners stay put as remortgaging nears parity with home purchases

Britain’s homeowners are increasingly choosing to refinance rather than move, with remortgage activity now...

Co-operative Bank in sub-4% mortgage arena following rate cuts 

The Co-operative Bank for Intermediaries has reduced selected residential and buy-to-let mortgage rates, bringing...

Access FS appointment to lead recruitment strategy

Access Financial Services has appointed Rob Jarvis as business development manager, tasking him with...

Latest publication

Latest opinions

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

Other news

Rising cost of living could stall housing market activity

The rising cost of living remains the most pressing concern for Britons and could...

The Mortgage Works cuts switcher rates for existing landlords

The Mortgage Works has announced reductions of up to 0.25 percentage points on selected...

Homeowners stay put as remortgaging nears parity with home purchases

Britain’s homeowners are increasingly choosing to refinance rather than move, with remortgage activity now...