Leeds Building Society has added two new high loan to value (LTV) mortgages for homebuyers with smaller deposits.
The new 95% LTV deals are:
- Two year fixed rate of 5.57%, with no completion fee;
- Two year fixed rate of 5.37%, with a £999 completion fee.
Each is available for purchase only and comes with a free standard valuation.
Jonathan Thompson, senior mortgage manager at Leeds Building Society, said: “We consistently see strong demand for higher LTV deals and this traditional product is probably the first type of mortgage many potential first time buyers might consider.
“After helping 18,000 first time buyers last year, we remain focused on supporting this group to deliver on our purpose of putting home ownership within reach for more people.
“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.”