L&G expands panel and launches new mortgage range

Legal & General Mortgage Club has added Newcastle Building Society to its panel of lenders and is now offering semi-exclusive products up to 80% LTV.

There is a two-year fixed rate at 3.65% with 3% early repayment charge or 4.50% with no early repayment charge and a two-year discount at 2.89% (SVR minus 3.10%) with 3% early repayment charge or 3.79% (SVR minus 2.20%) with no early repayment charge.

Finally, there is also a two-year tracker at 2.49% (BBR plus 1.99%) with 3% early repayment charge or 3.55% (BBR plus 3.05%) with no early repayment charge.

Martyn Smith, head of mortgage products at Legal & General, said: “The higher LTV market is coming back and these are good examples of competitive rates at those levels. We welcome Newcastle Building Society to our panel and look forward to a mutually beneficial partnership with more exclusive products to come.””