The Leeds Building Society has launched two exclusives for the LSL group.
The pair of products are available to appointed representatives in networks First Complete and Pink and to directly authorised advisers using TMA or the Pink mortgage club.
The Leeds is offering the following:
- Residential: A 3.29% five-year fixed rate with an 80% LTV, for loans up to a maximum of £750,000.
- Buy-to-let: A 3.79% two-year fixed rate at 75% LTV. The two-year deal includes free standard valuation and a standard in-house legal service for remortgages and has no completion fee.
Both exclusives carry a non-refundable £199 booking fee and have tapered early repayment charges, with 10% capital repayment allowed each year.
David Copland, director of mortgage services for LSL’s financial services division, said: “Exclusive deals with competitive rates like these from Leeds Building Society are of increasing importance to the advisers that work with the LSL group. Securing competitive deals such as these means we can give DA’s and AR’s within our group some of the best rates in the market to help their clients and in turn to grow their business.
“We work closely with the lenders on our panels, building long-term and mutually beneficial relationships. It is through these relationships, and the lenders’ support of LSL, that we are able to develop this type of exclusive and add value to our network and club members.
“The buy-to-let exclusive is particularly interesting as it also includes a further discount of 1% off Leeds standard variable rate for three years after the fixed term. This means it sources particularly well in a true cost analysis.”
Philip Coombes, head of intermediary sales at Leeds Building Society, added: “LSL is now one of the leading distributors of mortgages in the UK with a proven record for quality submissions. We have therefore developed these new mortgage deals together with LSL, to offer Pink, First Complete and TMA market-leading exclusives, which deliver great rates and flexibility to fulfil the needs of a range of potential borrowers.”