L&G and Hinckley & Rugby team up to offer exclusive resi deals | Mortgage Strategy

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Legal & General Mortgage Club members can now access three exclusive residential mortgage products through Hinckley & Rugby Building Society.

They comprise a 90% LTV five-year fix at 2.58% with £199 fee and two 90% LTV two-year fixes at 1.80% and 2%, respectively.

The first of the two-year fixes also charges a £199 fee while the second charges no fee.

Additionally, the five-year fix and the 1.80% two-year fix also carry a valuation fee ranging from £185 to £3,615 for purchase applications and zero to £3,615 for remortgage applications, depending on the purchase price of the property.

L&G Mortgage Club head of lender relationships Danny Belton says: “Amidst expectations of an increase to the UK’s base rate, there will be added pressure on advisers to source competitively priced product options for their clients.

“With this latest raft of exclusives, we expect to help broaden the choice presented to our advice network when placing suitable customer cases. This is certainly a timely and important addition to our proposition and we’re pleased to be offering the discounted products through Hinckley & Rugby Building Society.”

And Hinckley & Rugby intermediary sales manager Julie Bourne adds: “These products, which are offered up to 90% LTV, will increase the options available to mortgage customers, particularly first time buyers, who want to take the next step as homeowners.”


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