Legal & General Mortgage Club announce new mortgage initiative with Buckinghamshire Building Society.
16 April 2012
Legal & General is delighted to announce a new mortgage initiative with Buckinghamshire Building Society.
The Buckinghamsire Building Society is a Mutual Society founded in 1907 and based in Chalfont St Giles, providing a range of mortgages and other financial services.
The Buckinghamshire Building Society prides itself on being able to give every mortgage applicant a personal service and has a policy of individually underwriting all mortgage cases.
The Buckinghamshire has a range of mortgages available, including an innovative Retirement Mortgage which is designed for borrowers aged 65 years and over. The product specifically available for Legal & General Mortgage Club members, is an Interest Only or Captial Repayment loan of up to 50% of the property value, with a maximum loan size of £350k. The remaining minimum equity after the proposed loan must be at least £150K. All loans will be priced at a competitive variable interest rate.
Martyn Smith, Head of Mortgage Products, Legal & General Mortgage Club said,
"I am delighted to welcome Buckinghamshire Building Society to the Mortgage Club. They offer a flexible approach when assessing mortgage applications and their team of experienced underwriters are able to make informed decisions on an individual basis, which means that they can advise which product is best suited for each customer. I am confident their range of quality products and excellent customer service will prove very popular with our members."
Ivan Gould, Chief Executive, Buckinghamshire Building Society said:
"We are delighted to have formed a relationship with Legal & General who have a strong reputation as a Network that is able to offer high quality mortgages. The products we are offering will enable the Bucks to expand by fulfilling a valuable role in the housing market whilst maintaining our focus on security and safety for our members."
Notes to editors
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
The Legal & General Group, established in 1836, is one of the UK's leading financial services companies. As at 31 December 2011, we were responsible for investing £378 billion worldwide on behalf of investors, policyholders and shareholders. We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans
For more information please contact:
PR Manager, Legal & General Group
t: +44 (0) 20 3124 2092
m: +44 (0) 7764 582574