Leeds offers five-year fixes up to 95% LTV
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Leeds Building Society has increased the loan-to-value on its five-year fixed rate mortgage to 95% for direct only customers, and has also introduced a 90% LTV tier with a rate below 5%.
The society is also offering fees assisted versions at these high LTVs for customers who need assistance with upfront set-up costs.
The five-year fixed rate starts at 5.99% and the fees assisted version from 6.39% for 95% LTV. All the mortgages allow 10% capital repayments each year without penalty and do not have a higher lending charge.
Kim Rebecchi, sales and marketing director at Leeds, says: “We know that many customers are looking to lock in value and that finding a large deposit can be a challenge. That is why we have launched these 5-Year Fixed Rates available with as little as a 5% deposit.
“These deals deliver certainty and peace of mind on what is often the biggest monthly outgoing for many households, at a very affordable rate and at a time when people are seeing other bills continue to rise. Therefore, these products will be attractive to customers looking to budget, and particularly to those customers looking for a highly competitive deal with a low deposit.
“We have significantly increased our lending this year and believe that these products will stimulate further homeownership at an affordable rate and support the wider economy.”
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Readers' comments (1)
Phil Shelford | 21 Dec 2011 11:11 am
Direct only again. I for one will remember that when they want business from the broker market in the future.if its a choice of Leeds or a lender that doesnt cut us out then Leeds will lose every time.
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