Leek United has launched new residential products, including some with no fees and cashback and new 75% loan to value (LTV) products.
It has also launched buy-to-let products for both non-homeowner and regulated buy-to-lets as it responds to the market.
The new residential products include a two-year residential, fixed-rate mortgage with no fees and £400 cashback. It has a rate of 1.85%, fixed until 30/09/2022, and a maximum LTV of 80%. The APRC is 4.8%.
The mutual has also launched two new residential fixed-rate mortgages with 75% LTV to complement its current offering of 80% and 60% LTV products. Both mortgages provide customers with £400 cashback.
For buy-to-let purchasers, Leek United has launched four new products, including two new mortgage products for non-homeowner buy-to-lets.
A two-year non-homeowner buy-to-let mortgage with no fees has a rate of 2.25%, fixed until 30/9/2022 and a maximum LTV of 65%. The APRC is 4.9%.
Meanwhile, for regulated buy-to-let purchasers, Leek United has launched a two-year, fixed-rate 65% BTL product that has no fees. It has a rate of 2.25%, fixed until 30/9/2022. The APRC is 4.9%.
Lisa Buckley (pictured), head of sales and marketing, said: “Our new fixed-rate mortgage range includes competitive interest rates and products with no fees and cashback.
“The new two-year fixed-rate, fee-free product with cashback will support purchasers with their legal fees. We’ve also added to our mortgage offering with two new 75% LTV products to give more choice and flexibility.
“For buy-to-let, we’ve revamped our products and we now have four new products for both non-homeowner and regulated buy-to-lets where we use the market rate to calculate the rental coverage, rather than what the family member is paying.
“I’m confident these products will allow intermediaries to have more options when helping their clients.”
Leek United has reintroduced physical valuations and they are now accepting flats and new build properties.