Leeds Building Society has added two 95% loan-to-value mortgages to its range of deals for homebuyers with smaller deposits, such as first-time buyers.
The mutual says the new 95% LTV deals are a two-year fixed-rate loan at 5.57%, with no completion fee; and a two-year fixed-rate offer at 5.37%, with a £999 completion fee.
Key product information includes:
Two-year fixed-rate loan at 5.57% (up to and including 30 June 2025)
- No completion fee
- 10% capital overpayments allowed each year without penalty
- Tapered early redemption charges of 2.5% / 1.5% of the amount redeemed
Two-year fixed-rate deal at 5.37% (up to and including 30 June 2025)
- 10% capital overpayments allowed each year without penalty
- Tapered early redemption charges of 2.5% / 1.5% of the amount redeemed
Each loan is available for purchase only and comes with a free standard valuation.
The lender has also launched a two-year fixed-rate loan at 4.62% (up to and including 30 June 2025)
- Available up to 65% LTV
- No Completion Fee
- Purchase or remortgage
- Fees assisted legal service for in-house re-mortgages.
- 10% capital overpayments allowed each year without penalty
- Tapered early redemption charges of 2.5% / 1.5% of the amount redeemed
Leeds Building Society senior mortgage manager Jonathan Thompson says: “We consistently see strong demand for higher LTV deals and this traditional product is probably the first type of mortgage many potential FTBs might consider.”
He adds: “In the current rising rate environment, fixed-rate mortgages remain popular across all LTVs.
“For that reason, the society also has introduced a new lower LTV two-year fix at 4.62% up to 65% LTV, with no completion fee — for home purchase or remortgage.”
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