L&G adds exclusive tracker for club members

The mortgage is funded by Halifax and can lend up to 80% LTV for both purchase and remortgage customers. The loan charges an arrangement fee of £999, which can be added to the loan, and offers free valuation and legal fees for remortgage borrowers. Martyn Smith, head of mortgages at Legal & General, says: “We expect [the mortgage] to be very popular, especially with people remortgaging who do not want to tie themselves in to a high fixed rate. “Whilst some borrowers may adopt a wait-and-see approach by sitting on their lender’s SVR, this tracker represents an attractive alternative.” I...