L&G launches 2-year exclusive with Platform

Legal & General Mortgage Club has launched an exclusive two-year fixed rate at 3.79% through Platform, available for appointed representatives only.

The maximum loan-to-value is 70% and the arrangement fee is £1,495.

The product comes with free legal and valuation fees, and the maximum loan size is £1m.

Martyn Smith, head of mortgages at Legal & General, says: “Appointed representatives of our network now have access to a cracking new short-term fixed rate mortgage from Platform for their clients.

“With the best rates in the market generally only available up to 60%LTV, it is encouraging to be able to offer such a great rate further up the loan-to-value curve.”

Mark Gordon, head of proposition at Platform says: “By offering a range of competitive mainstream mortgage products alongside its more traditional suite of specialist offerings, Platform has moved from the mantle of specialist lender, to the position of intermediary specialist and prides itself on adapting to the growing needs of its customers.

“Platform has a long standing and highly productive working relationship with Legal & General and we feel the availability of these new products will prove highly beneficial to their representatives as well as their end customers.”