L&G and Kensington team up to offer six new resi products

Legal & General Mortgage Club has announced that it will offer six exclusive residential Kensington Mortgage products to its members.

The products include the 80 per cent LTV one-year fix at 3.04 per cent, the 80 per cent LTV two-year fix at 3.09 per cent, and the 80 per cent LTV five-year fix at 3.84 per cent.

In addition, the lender will now offer the 85 per cent LTV one-year fix at 3.44 per cent, the 85 per cent LTV two-year fix at 3.49 per cent, and the 85 per cent LTV five-year fix at 4.14 per cent.

All six products have a £1,499 completion fee and a minimum loan value of £500,000.

The former three offerings include a maximum loan of £2m, and the latter three have a maximum loan of £1.5m.

Legal & General Mortgage Club head of lender relationships Danny Belton says: “The Kensington of today has a refreshing approach when it comes to understanding customers.

“Through this new lens, and with the use of data, they are able to offer products that meet the needs of those customers who want to borrow larger amounts and higher LTVs.”

Recommended

Business-Handshake-Finance-Deal-700.jpg

L&G Mortgage Club adds Gatehouse to panel

Legal & General Mortgage Club has added Gatehouse Bank to its panel. Gatehouse Bank specialises in buy-to-let products for UK residents, UK expats and international residents. The bank offers a Shariah-compliant proposition where the property is jointly owned by both the borrower and the bank, until the former purchases all stakes in the property. Legal […]

Newsletter

News and expert analysis straight to your inbox

Sign up