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Legal and General launches new fixed-rate mortgage
Thu, 22 Apr 2010
Legal and General and the Hanley building society are joining forces to offer a new non-credit scoring mortgage, which4u.co.uk reports.

A new two-year fixed rate mortgage at a rate of 3.35 per cent has been unveiled by the financial services company and the building society .

This offer, which is subject to an administration fee of £1,399 and a booking fee of £100, does not require applicants to be credit scored and is available to a maximum loan-to-value rate of 75 per cent.

It is the intention of the providers to help customers who may have struggled to acquire loans during the fall in mortgage availability caused by the economic downturn.

David Lownds, head of risk at Hanley Economic, told the website: "We are delighted to work in partnership with Legal and General because we pride ourselves on providing excellent customer services combined with quality mortgage products ."

Founded in 1836, Legal and General provides its customers with insurance, pensions and investment services.

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