"We hope our product drives further activity in the first-time buyer market."
Legal & General Mortgage Club has launched an exclusive residential product through Skipton Building Society.
L&G Mortgage Club members will have access to a five-year fixed rate residential product, available from 2.39% up to 90% LTV.
The mortgage has a maximum loan value of £500,000 and benefits from no fees.
Danny Belton, head of lender relationships at L&G Mortgage Club, commented: “This is a welcome move from Skipton Building Society. It’s great to see an increasing number of lenders offering 90% LTV mortgages, allowing buyers with small deposits to achieve their dream of homeownership. Legal & General Mortgage Club has been working closely with Skipton Building Society to develop this offering and we are excited to work with them to further build and support this proposition, bringing exclusive products to our key partners.”
Paul Fenn, director of business development at Skipton Building Society, added: “We’re delighted to offer this exclusive to Legal & General Mortgage Club. We’ve had an excellent start to the year, which has allowed this opportunity to arise and we hope our product drives further activity in the first-time buyer market. We want to help as many borrowers as we can onto the property ladder, and we’re excited to continue working closely with Legal & General Mortgage Club this year.”