Leek United cuts cost of FTB deals

Leek United has launched a new range of short-term fixed-rate mortgages, including a two-year fix at 95 per cent LTV.

This residential mortgage deal is priced at 3.79 per cent and offers £500 cashback. There is no product fee.

Leek says this replaces a similar product at 3.99 per cent, which was only open to first time buyers. This reduced rate will now be available to first-time buyers and second-steppers.

The building society has also cut the cost of its two-year fix for buy-to-let customers. This has been reduced from 2.25 per cent to 1.89 per cent, and is available up to 75 per cent LTV.

Both these deals are fixed until 31 August 2020.

It has also launched a new two-year fixed-rate Help to Buy deal, at 2.19 per cent. This is available up to 75 per cent LTV and offers £250 cashback. This deal is fixed until 31 December 2020.

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