Legal & General's Mortgage Club has launched a fixed rate mortgage that offers borrowers flexible fe...
Legal & General's Mortgage Club has launched a fixed rate mortgage that offers borrowers flexible features at the end of the fixed period.
Interest is charged at 5.75% until 2 November 2004. At the end of the fixed period borrowers will be charged interest at 1% above base rate and provided with flexible mortgage features including the ability to make overpayments, underpayments, take payment holidays and access equity in their property.
Moreover, borrowers will have access to a range of special deals on household goods negotiated with major retailers including Powerhouse and npower.
John Cupis, sales and marketing director of Mortgage Club, says. "This exclusive deal means members of the Mortgage Club can offer their customers excellent value for the lifetime of their mortgage rather than just the initial fixed period. The innovative approach being adopted by lenders in the design of their exclusives for Mortgage Club members is one reason why the first half of this year members of The Club arranged loans worth £5.7 billion with lenders on our panel."
For more information contact Legal & General on 0845 300 9977
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