The Leeds Building Society has added two new higher loan to value (LTV) discount products to its mortgage range.
Both the two year discount mortgage deals are fees assisted with a free standard valuation for properties up to a value of £500,000 and a £199 fee.
They are as follows:
- 2.39% up to 90% LTV for two years, available for purchase or remortgage, with fees assisted legal services for standard remortgages;
- 3.30% up to 95% LTV for two years, available for purchase only.
After the end of the two year term each has a 1% discount for a further three years.
There is a maximum loan of £300,000 on the 95% LTV product and £400,000 on the 90% LTV product.
“While interest rates have remained at historic lows more borrowers have been prepared to consider a variable rate mortgage and the prospect of any increase in the Base Rate is still uncertain,” said Martin Richardson, Leeds Building Society’s director of business development.
“Our current discount rates are highly competitive at all LTVs and all come with a low £199 fee and incentives including a free standard valuation.”