Legal & General launch 90% mortgage

Legal & General Mortgage Club has launched a range of cheap home loans.

In a deal exclusive to Cambridge Building Society, potential buyers are being offer highly competitive rates at up to 90 per cent Loan to Value LTV.

The fixed-rate cheap mortgages offer 3.49 per cent for two years, on loans of up to £500,000 with 75 per cent LTV.

However, even the 90 per cent LTV products offer a competitive deal for buyers, offering 5.89 per cent fixed for two years.

The exclusive mortgage deals have a £999 application fee, of which £399 is payable on application.

"This is a fantastic suite of exclusives from Cambridge Building Society. With end dates extending to October 2013, these products offer great value compared to many two and three-year fixed rates in the market," said Martyn Smith, head of mortgage products at Legal and General.

Northern Rock has also recently unveiled its new 90 per cent mortgage.

The bank is offering a two-year fixed-rate deal at 5.99 per cent for 90 per cent LTV and no arrangement fee.

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2011-03-18 12:57:25 © Moneyextra.com