Legal & General launches new non-conforming mortgage product

27-Oct-2006

Legal & General Mortgage Club have announced a new mortgage product that may be suitable for non-conforming first time buyers.

Funded by Platform, the new two-year fixed-rate mortgage is available to first time buyers and repeat purchasers within the almost prime, minor and light adverse sectors of the mortgage market.

"The almost prime, minor and light adverse sectors are hugely competitive areas within the non-conforming market at the moment," said Martyn Smith, product marketing manager for Legal & General Mortgage Club.

"The rate reduction and free valuation on our new exclusive from Platform offers great value to our members and their customers," he added.

Available with interest rates from 5.85 per cent, Legal & General's new mortgage product is available on either a full status or self-certification basis.

An early redemption charge of six per cent is applicable until March 2009.

Established in 1995, Legal & General Mortgage Club offers intermediaries a range of mortgages from a number of lenders.

To find out more about this mortgage, contact a good mortgage broker.

For our first time buyers guide to buying a property click here.

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