L&G opens up Post Office product availability

Building on the success of the launch with Appointed Representatives, Legal & General has extended the availability of its new range of products with the Post Office to include Nouveau firms.

Related topics:  Mortgages
Amy Loddington
13th June 2014
Mortgages

The range, which launched on 2nd June 2014 includes products aimed at first time buyers, movers, those looking to re-mortgage and buy to let borrowers.

First Time Buyers and movers can access products with rates from 1.98% for a 2 year fixed deal and from 3.15% for a 5 year fixed rate.  Both carry a £995 arrangement fee and are available up to 75% loan to value.  For those looking to re-mortgage rates start at 2.58% for a 2 year fix and 3.38% for a 5 year fix - neither of which carry any arrangement or valuation fees. In addition, they both have legal fees for the customer paid for by the lender.

Jeremy Duncombe, Director, Legal & General Mortgage Club said:

“Following the successful launch of this range with our ARs I am very pleased we can extend the availability of the range to our Nouveau firms as well. This is a competitively priced range of new products and I am delighted that Legal & General Mortgage Club is involved in bringing them to the intermediary market.  We believe that intermediaries will be crucial to future growth in the mortgage market so it is encouraging to see the Post Office recognise this in its plans.”

Alison Pallett, Mortgage Product Director at Bank of Ireland UK said:

“This range of products demonstrates how determined Post Office is  to  become a serious contender in the mortgage market. We are aiming to offer a competitive suite of products which are backed up by our reliable and consistent service levels.”

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