New Legal & General mortgages announced

Date:Tuesday 24th March 2009
Author: Susanna Kavka

New Legal & General mortgages are to be made available, it has emerged.

The lender has announced that it will offer "exclusive" two-year fixed-rate products with a maximum loan-to-value (LTV) of 60 per cent.

In addition, it is offering a two-year fixed-rate mortgage from 6.39 per cent and a three-year fixed-rate product from 6.69 per cent.

Both of these mortgages have an arrangement fee of £995 and a maximum LTV of 75 per cent.

Commenting on the developments, Legal & General's Mark Gordon said: "Rates for buyers with good deposits are very competitive now as these are the customers that everyone wants."

He added that Legal & General is confident that the new deals will prove popular among UK consumers.

Recently, Lloyds TSB launched a series of new mortgage products which it described as "market leading", including a five-year fixed-rate deal for 4.99 per cent available up to a maximum LTV of 60 per cent.