The Leeds resumes 85% LTV lending

Published on

The Leeds Building Society has restarted lending at 85% loan to value (LTV) as part of a refresh of its mortgage range, as well as reducing the rates of two year fixed deals.

New deals with no product fee include the following:

  • 1.56% available up to 65% LTV
  • 1.65% available up to 75% LTV
  • 1.79% available up to 80% LTV
  • 2.10% available up to 85% LTV

All come with a free standard valuation and are available for home purchase or remortgage. Applicants choosing any of these products for remortgage also receive fees assisted legal services.

Matt Bartle, director of products at the Leeds Building Society, said: “Our purpose as a building society is to help people save and have the home they want, so we remain focused on meeting the needs of different kinds of borrowers, at different LTVs,.

“The majority of our borrowers choose fixed term mortgages and the certainty of payment these offer may be particularly welcome when so much else is currently uncertain.

“Despite the industry disruption the lockdown has caused, we’re continuing to work with our valuers and intermediary partners to progress and complete mortgage applications.

“We’ve also been busy helping members who requested mortgage payment holidays and other support after their financial circumstances were affected by the pandemic.

“Many aspects of everyday life are limited or take longer at present but we’re doing our best to maintain our high levels of service for borrowers and brokers throughout these unprecedented times.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Zoopla signs Manchester Super Giants shirt deal

Zoopla has become the first official front-of-shirt partner of Manchester Super Giants for the...

Southwest Knotweed launches identification app

Southwest Knotweed Group has launched an app designed to help mortgage and property professionals...

Broker Conveyancing launches referral hub for advisers

Broker Conveyancing has launched a referral platform intended to make it quicker for mortgage...

House price rise puts mortgage resilience in sharper focus

Homebuyers should consider how they would meet mortgage payments if illness or injury affected...

Simplify’s trust gives £22,500 to nine local charities

The Simplify Charitable Trust has donated £22,500 to nine charities working in communities across...

Latest publication

Other news

Zoopla signs Manchester Super Giants shirt deal

Zoopla has become the first official front-of-shirt partner of Manchester Super Giants for the...

The case for tech fluency before AI adoption in the mutual sector

It often feels like there is only one conversation taking place in financial services...

Southwest Knotweed launches identification app

Southwest Knotweed Group has launched an app designed to help mortgage and property professionals...