The maximum loan-to-value is 60% and the arrangement fee is £1,495, the product comes with free valuation fees, and the maximum loan size is £1 million.
Legal & General will also be offering two semi-exclusives for ‘almost prime’ business – a two-year fixed rate from 6.39% and a three-year fixed rate from 6.69%, both with a £995 arrangement fee and a maximum loan-to-value of 75%.
Martyn Smith, Head of Mortgages at Legal & General said: “Rates for buyers with good deposits are very competitive now as these are the customers that everyone wants. We’ve recently completed a tranche of business with Platform on a similar product and we know that this mortgage deal will be popular.”
Mark Gordon, Head of Proposition at Platform said: “By offering a range of competitive mainstream mortgage products alongside its more traditional suite of specialist offerings, Platform has moved from the mantle of specialist lender, to the position of intermediary specialist and prides itself on adapting to the growing needs of its customers. Platform has a long standing and highly productive working relationship with Legal & General and we feel the availability of these new products will prove highly beneficial to their representatives as well as their end customers.
