Legal & General launches new two-year fixed-rate deals
www.moneynews.co.uk > Mortgages > Legal & General launches new two-year fixed-rate deals
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Money News |
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Legal & General launches new two-year fixed-rate deals
Fri 5th Sep 2008
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The two-year, fixed-rate deals are available for up to 75 per cent loan to value with a maximum loan on £750,000.
Of the new options, one comes with a 5.69 per cent rate, £250 cash back, a £995 arrangement fee and free evaluation.
The other has a 6.09 per cent rate, with no arrangement fee for remortgage clients and free valuation and legal services.
Martyn Smith, head of mortgages at Legal & General, said that fixed-rate deals are much in demand.
He said that the deals were "very attractive" for borrowers with 25 per cent or more equity in their home.
Cate Hillis, strategic development director at Accord, said that recent drops in swap rates had enabled the company to "act very quickly and pass these savings on".
Meanwhile, Yorkshire Building Society has cut the cost of its two-year fixed-rate mortgage to 5.29 per cent.
Spokesperson Tom Girling said the society was keen to pass on the benefits of easing money market rates to customers.
Click here for more mortgage news.
Related News : Mortgages |
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Related News : Legal and General |
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