L&G launch exclusive two year fixed rates with Cambridge BS

Legal & General Mortgage Club has launched a new range of two year fixed rate exclusives with Cambridge Building Society for loans up to 90% LTV.

Each exclusive is available up to £500,000 and has a £999 application fee of which £399 is payable on application. The highly competitive rates are:

5.89% for loans up to 90% LTV
4.59% for loans up to 85% LTV
3.99% for loans up to 80% LTV
3.49% for loans up to 75% LTV

Martyn Smith, Head of Mortgage Products at Legal & General says: "This is a fantastic suite of exclusives from Cambridge Building Society. With end dates extending to October 2013 these products offer great value compared to many 2 and 3 year fixed rates in the market. A free valuation is included and of course the Cambridge don't credit score but instead they manually underwrite each case and back that up with dedicated case owners."

Mark Smitheringale, Head of Sales and Marketing at Cambridge, adds: "We are delighted to be able to offer members of the Legal & General Mortgage Club these exclusive fixed rate deals at a time when many borrowers are looking for the peace of mind a fixed monthly payment provides. This initiative also supports our corporate aims of delivering more mortgage lending via our intermediary partners."

Advisers interested in further information on working with Legal & General should visit landg.com/businessopportunities.