L&G launches exclusive with Accord

Legal & General Mortgage Club is launching two exclusives two-year fixed rate deals with Accord Mortgages.

One product has a a rate of 5.69% with a £995 arrangement fee, free valuation and £250 cash back, while the other has a 6.09% fee with no arrangement fee, for remortgage clients only, and free legals and valuation.

Both fixed rates are available up to 75% LTV and a maximum loan of £750,000.

Martyn Smith, head of mortgages at Legal & General, says: “Fixed rates remain very popular, indeed two-thirds of residential borrowers that came through our mortgage club opted to fix in the past quarter. For borrowers with 25% or more equity in their home, there is actually quite a lot of choice at the moment and these deals will prove very attractive.”

Cate Hillis, strategic development director at Accord, says: “We are delighted to be offering these products to L&G who are one of our key strategic lending partners. Following recent falls in swap rates we have been able to act very quickly and pass these savings on.”