L&C offset tracker mortgage launched

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L&C offset tracker mortgage launched

The L&C offset tracker mortgage is available now and comes with an initial rate of 4.75 per cent.

Tracking the base rate plus 0.25 per cent until May 1st 2008, the L&C offset tracker mortgage offers customers full offset facilities including a current account, according to the lender.

A maximum 85 per cent loan to value can be borrowed and there is a lender fee of £299.

For those looking to remortgage, the L&C offset tracker mortgage offers a refund valuation as well as free basic legal work.

James Cotton, mortgage specialist at L&C, said: "The rate on this new deal is very close to standard deals, particularly for remortgages."

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