Leek United has reduced rates on a selection of mortgage products across its range.
Its five-year buy-to-let fixed rate mortgage is reduced to 2.60% from 3.00%, with a maximum LTV of 65% with an APRC of 4.90%.
Meanwhile, its five-year fixed rate mortgage for home purchase is now 3.22%, 5.00% APRC with a maximum LTV of 95%.
Both fixes run to 31 December 2024.
The mutual’s two-year discount mortgage is reduced to 2.40% from 2.59%, 5.3% APRC with a maximum LTV of 90%.
Leek United’s product range also offers free valuations on all mortgages.
To assist brokers, the Leek has launched an online affordability calculator to quickly help customers find a suitable mortgage from its range by providing an instant affordability decision.
John Kelly (pictured), operations director at Leek United, said: “The new, lower rates are good news for customers as they help make buying a home more affordable. Fixed rates remain a popular choice for customers and landlords alike, and help them with knowing what they will pay each month for the period of the fix, giving peace of mind and making it easier to plan their outgoings.
“Feedback from our brokers has been useful in developing our product suite and they will also benefit by being able to help more of their clients – and their business. These new products are likely to be very attractive to introducers as we continue to respond to the market and provide mortgages that are suitable for a wide range of customers.”
