A three year fixed rate product has been introduced by Legal and General Mortgage Club on loans up to 75 per cent loan-to-value for both purchase and remortgage customers.
The initial rate of 3.49 per cent matches Abbey’s two year fixed rate and is available until 2 January 2016. The product comes with a free valuation and a total booking fee of £995.
Martyn Smith, Head of Mortgage Products, Legal & General Network says: “Abbey has priced this exclusive at the same rate as its current 2 year product – giving customers of Legal & General Mortgage Club members an additional 12 months on a very competitive rate. Feedback from our members tells us that more choice is needed to bridge the gap between 2 and 5 year – so this fits the bill perfectly.”
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