L&G launches 5 year fixed rate with Chelsea Building Society

Legal & General Mortgage Club has launched an exclusive five-year fixed rate mortgage at 4.29%, provided by Chelsea Building Society.The maximum loan-to-value is 65% and the arrangement fee is £995. This mortgage is only available through mortgage advisers that are part of Legal & General Partnership Services Ltd (LGPSL), the mortgage network.

Martyn Smith, Head of Mortgages at Legal & General said: "For those borrowers that have a 35% deposit or more, this is likely to be a very appealing product. Some borrowers welcome the security that a five year fixed rate offers, and this is a very competitive headline rate."

Stephen Fox, Key Account Manager from Chelsea Building Society said: "We are delighted to be able to offer this product to Legal & General, a company that we have a long and successful relationship with, and one which has demonstrated that it can provide us with good quality loans."

Consumers interested in this exclusive deal can contact one of Legal & General's mortgage advisers through its online ‘Find a Mortgage Adviser' tool available at: legalandgeneral.com/findamortgageadviser . Users can search for an adviser by entering their postcode.

The service is designed to help people find a mortgage adviser in their local area. It lists over 600 mortgage advisers across the UK who are members of LGPSL. Advisers can also offer borrowers a conveyancing service, a home information pack service and Legal & General's protection and general insurance products.

Legal & General has one of the biggest mortgage clubs in the country which acts as a one-stop-shop for mortgage advisers to access lenders. With over 9,000 members who are either directly authorised or appointed representatives of the mortgage network, the Legal & General Mortgage Club has the weight to negotiate the best exclusive deals with lenders.`