Leeds Building Society has announced the addition of three new two-year fixed-rate mortgages to its range. The products will be available from 14 April and include a 95% loan to value (LTV) product with £250 cashback and no completion fee. The three new mortgages are as follows: up to 95% LTV loan at 5.55%, up to 90% LTV offer at 5.10%, and up to 65% LTV loan at 4.42%. All three products come with a free standard valuation and no completion fee.
The first-time buyer product, with a 95% LTV, has been added to assist those taking their first steps on the property ladder. The mutual society’s senior mortgage manager, Jonathan Thompson, said that as demand for higher LTV mortgages remains strong, the firm aims to help borrowers with smaller deposits.