Legal & General launches new Northern Rock mortgage rates

The Legal and General Mortgage Club has launched an exclusive two-year fixed-rate mortgage from Northern Rock.

Offering a fixed-rate of 2.89 per cent for purchases and remortgages up to 70 per cent loan to value LTV, customers can also benefit from a free valuation and legal fees for remortgages.

Northern Rock's new mortgage rates are only available through mortgage advisers that are part of the Legal & General Partnership Services.

The extremely competitive mortgage rates allow borrowers to take advantage of the historically low base rate after the Monetary Policy Committee MPC voted to keep interest rates at the current low level.

John Truswell, head of national accounts at Northern Rock, said: "We're delighted to offer this competitive fixed-rate in partnership with Legal & General."

He added that the new product is an attractive option for borrowers looking for the security of fixed mortgage payments.

Northern Rock has recently launched a new cash ISA for under 16s which pays 3.75 per cent gross per annum over a three year period.
 

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2010-10-11 12:34:06 © Moneyextra.com