Legal & General and Scottish Widows launch tracker mortgage
www.moneynews.co.uk > General finance > Legal & General and Scottish Widows launch tracker mortgage
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Money News |
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Legal & General and Scottish Widows launch tracker mortgage
Thu 31st Jul 2008
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The tracker, available for up to 75 per cent loan-to-value, has a free offset facility and an arrangement fee of £999, which can be added to the loan.
Remortgage clients can have a remortgage package or cashback.
Gordon Bowden, business development director at Scottish Widows Bank, said the offset facility gave clients "greater flexibility to manage their finances".
Martyn Smith, head of mortgages at Legal & General, said it was "an attractive option for any borrowers with some equity in their home and some funds set aside with which they can offset against the loan".
House prices fell again this month, according to Nationwide.
The price of a typical house fell by 1.7 per cent, making an annual fall of 8.1 per cent.
According to Nationwide, the average house now costs £169,316 - nearly £15,000 less than this time last year.
Click here for more mortgage news.
Related News : General finance |
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Related News : Mortgages |
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Related News : Legal and General |
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