The new products are as follows:
• 2 year fixed rate (self-cert, remortgage only) from 6.29% with £599 arrangement fee and free legal/ valuation fees
• 3 year buy-to-let tracker from 5.54% (Base plus 0.29%) with £999 arrangement fee and free valuation fees
• 2 year tracker (non-conforming market only) from 5.74% (Base plus 0.49%) with £695 arrangement fee and free legal/ valuation fees
• 2 year tracker (non-conforming market, remortgage only) from 5.84% (Base plus 0.59%) with £695 arrangement fee and free valuation fees
Martyn Smith, Legal & General’s product marketing manager, mortgages said: “We know what brokers are looking for by way of innovative and competitively priced products that compliment a lender's core offering. The new Platform mortgages, available exclusively through Legal & General, offer great deals that you can’t get anywhere else. These exclusives offer added value to both our members and their customers.”
Richard Beardshaw, head of sales at Platform said: “We are delighted to be able to exclusively offer the Legal & General Mortgage Club and its members such a competitive range of products. Uncertainty in the market following the recent increases in the Bank Base Rate has prompted us to develop flexible fixed rate and tracker solutions to satisfy a wide range of borrowing needs. This further demonstrates our commitment to the intermediary market and we look forward to continuing our relationship with Legal & General in 2007.”
