L&G launches mortgage range with Newcastle

Legal & General has provided Newcastle Building Society with exclusive household, mortgage payment protection and travel insurance cover since June 2007.

The new mortgages are:

• Two-year fixed rate at 3.65% with 3% early repayment charge or 4.50% with no early repayment charge
• Two-year discount at 2.89% (SVR minus 3.10%) with 3% early repayment charge or 3.79% (SVR minus 2.20%) with no early repayment charge
• Two-year tracker at 2.49% (BBR plus 1.99%) with 3% early repayment charge or 3.55% (BBR plus 3.05%) with no early repayment charge

Martyn Smith, head of mortgage products at Legal & General said: "The higher LTV market is coming back and these are good examples of competitive rates at those levels. We welcome Newcastle Building Society to our panel and look forward to a mutually beneficial partnership with more exclusive products to come."