L&G launches new mortgage deals

Legal & General Mortgage Club has launched three exclusive fixed-rate mortgage products, provided by Accord Mortgages.

Each of the deals is available to a maximum loan-to-value of 75 per cent and comes with an arrangement fee of £995.

Consumers seeking a two-year fixed rate are being offered 3.49 per cent, rising to 3.59 per cent if they wish to see the valuation fee refunded on completion.

Martyn Smith, head of mortgage products at Legal & General, said the mortgage market "is hotting up" and competition is increasing.

"These are really competitive fixed rate deals and will be very attractive to anyone worried by the recent news on inflation," he added.

Last week, the Council of Mortgage Lenders reported a three per cent improvement in the mortgage market during December, potentially indicating that more attractive mortgage rates have become available.

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2010-01-25 13:21:53 © Moneyextra.com