L&G Mortgage Club distributes Skipton exclusives

L&G Mortgage Club distributes Skipton exclusives

Legal & General Mortgage Club is offering two exclusive new build mortgage products with the Skipton Building Society.

The two new products, aimed at first-time buyers and homemovers, are a 90% new build mortgage and 75% LTV Help to Buy mortgage, come with two-year fixed rates of 2.65% and 1.37% respectively, until 30 November 2019.

Both two-year fixed mortgages offer free valuations.

The products will only be available to customers through the Legal & General Mortgage Club, with the 90% LTV new build product also offering £250 cashback and no completion fee.

The deals are as follows:

Product End Date Max LTV Availability Pay rate Completion fee Cashback Incentives
New Build 2-year fix (exclusive) 30-Nov-19 90% Purchase 2.65% £0 £250 Free standard valuation
Help to Buy 2-year fix (semi-exclusive) 30-Nov-19 75% Purchase 1.37% £995 £0 Free standard valuation

Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “We are delighted to have secured this exclusive product with Skipton Building Society, which further supports the growth of the new build market and affordability for first-time buyers up and down the country. Today’s announcement further highlights the commitment of Legal & General Mortgage Club to supporting the intermediary market and we will continue to secure the best deals for our broker partners and clients.

“Our relationships with lenders such as Skipton are very important to us, and we believe this offering will prove popular with our members by strengthening the choice available to the customers they serve.”