Legal & General launches exclusive remortgage 2 year fixed rate

Legal & General Mortgage Club has launched an exclusive two-year fixed rate for remortgage customers at 3.69% provided by Alliance & Leicester.

The maximum loan-to-value is 60% and the arrangement fee is £1,499. The overall cost for comparison is 5.3% APR.

Martyn Smith, Head of Mortgages at Legal & General said: "There haven't been too many exclusive deals in the market recently, so hopefully this is a sign of things to come. Borrowers with at least 40% equity looking to remortgage to a short-term fixed rate deal will no doubt want to snap this mortgage up. The rate is very competitive at 3.69% and gives peace of mind in turbulent times."

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 10,000 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.

People interested in this exclusive remortgage 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 Legal & General Partnership Services Ltd (LGPSL),

Legal & General's mortgage network. All the advisers are independent for mortgages, which means that they can search the mortgage market to find the best deal for their customer.

In addition they have access to Legal & General's mortgage club, with 28 lenders on the panel and exclusive mortgages that can't be found on the high street.

Advisers can also offer borrowers a conveyancing service, a home information pack service and Legal & General's protection and general insurance products.