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L&G cuts rates on &#39flagship&#39 mortgages

Legal & General is trying to remain competitive in the face of base rate cuts by reducing the variable rates charged on its flagship flexible mortgages.


It is reducing the rate on its Flexible Reserve from 8.2 per cent to 7.95 per cent and its Flexi Let Variable from 8.95 per cent to 8.7 per cent.


Managing director Simon Pistell says: &#34Flexible mortgages appeal to a growing number of people keen to manage their finances including the self-employed, job-changers and contract workers. Our rate guarantee means we will continue to offer excellent value mortgages.&#34

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