Both mortgages are available to a maximum loan size of £750,000 and come with arrangement fees totalling £995:
• 2 year fixed rate – 3.34% (maximum LTV of 75%)
• 2 year fixed rate – 4.64% (maximum LTV of 85%)
Martyn Smith, head of mortgage products at Legal & General said: “The gap between pricing of variable and fixed products is now significant, perhaps larger than it has been for quite some time. This is skewed by the exceptionally low Bank Base Rate, however, and these fixed rates represent fantastic value for money. There is a lot of uncertainty this year, with an election forthcoming and a risk of inflation. Many borrowers will be pleased to fix at these rates for peace of mind.”
