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Self Cert from L&G mortgage club

Legal & General&#39s Mortgage Club is offering a self-certification mortgage at 4.09 per cent aimed exclusively at self-employed and employed customers.

The rate is 1.75 per cent above the current Bank of England Base Rate of 4 per cent and then discounted by 1.66 per cent for the first two years.

Following the discounted period, the mortgage will remain 1.75 per cent above the Base Rate.

Loan to Value is set at 85 per cent of the value of the property.

During the first two years an early redemption charge of 5 per cent of the amount repaid during the first 12 months and 4 per cent in the next 12 months will apply.

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