L&G offers range of 5-year fixes from Cambridge BS
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Legal & General Network is offering an exclusive range of five-year fixed rate mortgages from Cambridge Building Society.
The five-year fixed rate range offers a rate of 4.09% up to 80% LTV, 4.34% up to 85% LTV, and 5.24% up to 90% LTV.
The products carry a fee of £999, with free legals and valuations for remortgages, and have a maximum loan size of £250,000.
Martyn Smith, head of mortgage products at Legal & General, says: “We are seeing more interest in five-year deals from those looking to take a fixed rate and these exclusives have been priced very competitively by the Cambridge across the various LTV bands.
“They sit pretty much at the top of sourcing on rate and those customers looking to remortgage will also benefit from a free valuation and free legals.”
Daniel Barker, marketing officer at the Cambridge, says: “As a result of the continuing low base rate, the demand from our customers for medium-term fixed rate products is significant.
“We are confident that these deals with Legal & General are very competitive against other offers on the market at present. When borrowers factor in our flexibility in terms of 10% overpayment benefits and 5% early repayment charges, we expect significant interest in these deals.”
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