Increased LTV lending on new build by Leeds Building Society
Leeds Building Society has added to its range of competitive discount mortgages with two new higher LTV (loan to value) products.
Both the two year discount mortgage deals are fees assisted with a free standard valuation* and a low £199 fee:
- 2.39% up to 90% LTV for two years, available for purchase or remortgage, with fees assisted legal services for standard remortgages;
- 3.30% up to 95% LTV for two years, available for purchase only.
After the end of the two year term each has a 1% discount for a further three years.
“While interest rates have remained at historic lows more borrowers have been prepared to consider a variable rate mortgage and the prospect of any increase in the Base Rate is still uncertain,” said Martin Richardson, Leeds Building Society’s Director of Business Development.
“Our current discount rates are highly competitive at all LTVs and all come with a low £199 fee and incentives including a free standard valuation.”
Notes to Editors
* Free standard valuation for properties up to a value of £500,000.
There is a maximum loan of £300,000 on the 95% LTV product and £400,000 on the 90% LTV product.
To discuss a new case with one of our mortgage development team, mortgage introducers should go to www.leedsintroducer.co.uk to find details of their nearest Business Developer contact.
Awards won by Leeds Building Society in the past 12 months include the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’, both for the second consecutive year. The Society also received the award for ‘Best Use of Technology (Lenders)’.
Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.7bn (as at 30th June 2015). The Society has operated from the centre of Leeds since 1886.