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L&G and The Mortgage Lender team up with new BTL product

Legal & General Mortgage Club has launched an exclusive buy-to-let mortgage product through The Mortgage Lender.

The lender launched its first range of BTL products in May of this year, extending its offering in the following month.

It’s newest BTL offer comes as a five-year fixed rate product on up to 80 per cent LTV with rates starting from 4.05 per cent at a maximum term of 35 years. It commands a £150 application fee and has a three-year ERC.

Legal & General Mortgage Club head of lender relationships Danny Belton says: “Legal & General Mortgage Club has a very strong relationship with The Mortgage Lender and we are excited to work with them to further build and support this proposition, bringing exclusive BTL products to our key partners.”

Meanwhile, The Mortgage Lender national account manager Laura Sneddon adds: “We’re excited to offer these exclusive products to Legal & General Mortgage Club’s Key Accounts. We’re committed to support those in the BTL sector, offering them greater flexibility and choice.”

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