L&G Mortgage Club announces new exclusive products with Atom bank

Legal & General Mortgage Club has announced that, from today, advisers placing business with Atom bank will have access to four new exclusive two-year fixed-rate product options, suitable for those with ‘less-than-perfect’ credit scores.

Related topics:  Finance News,  Mortgages
Warren Lewis
8th December 2021
Danny Belton Legal General

The first product is available at up to 60% loan to value (LTV) and is priced at a rate of 2.45%. The second option offers up to 65% LTV, with a rate of 2.69%. Two other options are available and include an up to 70% LTV product with a rate of 2.74% and a 75% LTV option at 2.89%. All four products offer £250 cashback.

This set of exclusives also brings free valuations for both purchase and remortgage options, as well as free legals for remortgaging customers.

Danny Belton, (pictured) Head of Lender Relationships, Legal & General Mortgage Club, says: “The unprecedented economic challenges caused by the global pandemic clearly demonstrate the importance of offering a varied and accommodating range of products for borrowers. We are therefore proud to announce these new product exclusives with Atom Bank which are tailored to support those with credit impairments, and we look forward to expanding our offering in the coming months.”

Paula Mercer, Head of Lending, Digital Mortgages by Atom bank, comments: “Our Near Prime mortgages are built for customers with less-than-perfect credit. We are delighted to offer Legal & General advisers access to an exclusive range of Near Prime products, opening up the market to those who may have trouble securing a mortgage from a traditional lender. The range allows us to support borrowers who have had previous financial difficulties, such as CCJs, defaults, and missed payments.”

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