Leeds Building Society has announced the launch of two new five-year fixed rate mortgage products available for up to 95% loan to value (LTV).
In 2022, the Society helped over 18,000 first-time buyers get a foothold on the housing ladder.
Product details:
5 Year Fixed Rate – (up to and including 31st May 2028)
- Fixed at a rate of 5.05%
- Available up to 95% LTV.
- Purchase only.
- No Completion Fee.
- Free Standard Valuation.
- 10% penalty free capital overpayments allowed each year.
- Early Redemption Charges of 5% / 5% / 4% / 3% / 2% of the amount redeemed.
5 Year Fixed Rate (up to and including 31st May 2028)
- Fixed at a rate of 4.95%
- Available up to 95% LTV.
- Purchase only.
- £999 Completion Fee.
- Free Standard Valuation.
- 10% penalty free capital overpayments allowed each year.
- Early Redemption Charges of 5% / 5% / 4% / 3% / 2% of the amount redeemed.
Jonathan Thompson, Leeds Building Society’s senior mortgage manager, said: “We know that saving a deposit is a huge barrier to homeownership for many first-time buyers, and we hope that by launching these two new 95% LTV products we can help even more people achieve their dream of getting onto the property ladder.
“With many people concerned with the ongoing economic uncertainty, we wanted to offer customers certainty with their payments. I’m confident that these products will be very popular, particularly with first time buyers.”
