Legal & General: New mortgage launched

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Legal & General: New mortgage launched

Legal & General have announced that it will launch a new mortgage in conjunction with Chelsea Building Society.

The new offering is a five-year fixed-rate mortgage and will only be made available through advisers who are part of the Legal & General Partnership Services mortgage network.

Martyn Smith, head of mortgages at Legal & General, said: "For those borrowers that have a 35 per cent deposit or more, this is likely to be a very appealing product. Some borrowers welcome the security that a five-year fixed rate offers."

Stephen Fox, key account manager from Chelsea Building Society, added that his company is "delighted" to be offering this mortgage partnership to Legal & General.

Chelsea Building Society has announced a number of new mortgages recently, including a ten-year fixed-rate deal.

It also announced that it has "improved" its individual savings accounts recently, making them more competitive and flexible.

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