Leek United has announced the launch of a 95 per cent LTV two-year fixed rate mortgage product.
The offering is an 95 per cent LTV two-year fix at 2.95 per cent. The product includes a £350 cashback option and free valuations.
In addition, the deal has a 5.4 per cent annual percentage rate of charge, according to the firm.
Leek United operations director John Kelly says: “We are very pleased to launch this exclusive fixed rate mortgage in conjunction with TMA Club. The new product will help their intermediary members assist more clients by being able to offer a competitive mortgage product with a cashback and a high LTV.”
TMA Club senior product and business manager Rob McCoy adds: “Partnering exclusively with Leek means that we will be able to reward and support more intermediaries with a greater choice of lending solutions that will help them grow their client portfolios.
“What is more is that TMA Club members will have access to minimal upfront fees for their customers, another aspect of the partnership which promises to help our members retain their clients more easily and, ultimately, strengthen their business.”