With a Bank Base Rate plus 3.39% (initial rate 3.89%), the mortgage is capped at 5.89% until 31/01/13, and available to a maximum LTV of 80% and a maximum loan size of £500,000.
Linda Will, sales & marketing director at ITL Mortgages, said: "As part of our planned increase in lending for 2010 we are delighted to offer our first exclusive with L&G Mortgage Club. This lifetime tracker deal has been designed to appeal to borrowers who require the benefit of a low pay rate combined with the security of a cap until Jan 2013. The free valuation and legal fees will also make this product a popular choice for people seeking a remortgage solution."
