New fixed-rate mortgages from Legal & General

Date:Thursday 21st January 2010
Author: Susanna Kavka

Legal & General is set to launch three new fixed-rate mortgages with rates starting from 3.49 per cent.

Released in conjunction with Accord Mortgages, the two-year deals are available for those looking to buy their first property and others who want to remortgage their home.

All the deals are on offer with a loan-to-value of up to 75 per cent and an arrangement fee of £995.

There is a standard loan with a rate of 3.49 per cent, as well as a 3.59 per cent product for first-time buyers with valuation fees and a £250 cashback upon completion.

Remortgaging customers can also take advantage of the 3.59 per cent deal, with their valuation costs refunded on completion plus free legal fees.

Martyn Smith, head of mortgage products at Legal & General, said: "These are really competitive fixed-rate deals and will be very attractive to anyone worried by the recent news on inflation."

These new deals follow on from a lifetime tracker which was released earlier this month, at a rate of 3.39 per cent plus the Bank of England base rate.