New high LTV mortgage from Leeds Building Society
A new high LTV fees assisted mortgage from Leeds Building Society will offer more choice for First Time Buyers and other borrowers with smaller deposits.
The 3.89% two year fixed rate deal launches on Thursday, 10th March, and will be available up to 95% LTV (loan to value). It comes with a low £199 fee and free valuation.
“In addition to a competitive rate, this two year fixed rate deal comes with the extra incentives of a low fee and free valuation,” said Martin Richardson, Director of Business Development at Leeds Building Society.
“It’s important to us to support borrowers who are not well served by the wider market, including home buyers with smaller deposits.
“Traditional higher LTV mortgages are part of this offering, alongside shared ownership mortgages, our home loans under the Government’s Help to Buy Equity scheme and our unique, award-winning Welcome Mortgage, with an initial period at 0% interest.”
Notes to Editors
Leeds Building Society received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2016, the third consecutive year the Society has won this category, as well as the award for ‘Product Innovation (Lenders)’.
The Society also has been named ‘Best Regular Savings Account Provider’ for the second consecutive year by independent consumer advice website Savings Champion.
Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £13.5bn (at 31st December 2015). The Society has operated from the centre of Leeds since 1886.