Back to April 2018

Leeds launches fee-free 95% LTV mortgage

Leeds Building Society has added a 95% LTV (loan to value) mortgage to its product range, increasing choice for first time buyers.

The Society has launched the fee-free five year mortgage at a fixed rate of 4.30% with a free standard valuation.

Matt Bartle, Head of Product and Pricing at Leeds Building Society, said: “We’re constantly refining and enhancing our mortgage products and criteria to achieve our aim of helping people have the home they want.

“We work hard to offer a wide range of products that meet the needs of those who are often underserved by the wider market.

“This latest deal will assist homebuyers with smaller deposits, suiting people looking to take the first step onto the property ladder. It also complements our suite of products, which includes Help to Buy and Shared Ownership mortgages and an existing two year 95% LTV product.

“Fixed rates remain the most popular choice and a longer-term deal for five years enables borrowers to plan their future outgoings.”

Ends

Notes to Editors

Fee saver five year fixed rate at 4.30% up to and including 30th June 2023:

  • 4.30% fixed up to and including 30th June 2023
  • Available up to 95% LTV
  • Free standard valuation up to £999
  • Up to 10% capital overpayment allowed penalty-free each year
  • Tapered early repayment charges (5/5/4/3/2%)
  • Product is available for purchase only applications

The Society won the title of Best Shared Ownership Mortgage Lender in the 2017 What Mortgage Awards, its second consecutive year of success in this category.

Leeds Building Society was named Best Building Society Savings Provider in the Moneyfacts Awards for 2017, having also won this title in 2016.

Leeds Building Society operates throughout the UK, Gibraltar and Ireland and has assets of £17.3bn at 30th June 2017 (£14.9bn at 30th June 2016). The Society’s head office has been based in the centre of Leeds since 1886.