Leeds announces rate reductions for higher LTV deals Mortgage Strategy

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Leeds Building Society is improving a selection of its short term fixed rate deals, including products at 90% and 95% loan to value.

Changes Highlights include a two- year fixed rate of 6.94% up to 95% LTV, with £250 cashback; a two year fixed rate of 6.49% up to 90% LTV; and a shared ownership three-year fixed rate of 6.59% up to 95% borrower share.

Each of these mortgage deals includes a free standard valuation and no completion fee.

“We’ve reduced rates on existing residential two and three year fixes by up to 0.20%, and have expanded the choice of products above 75% LTV,” says Leeds BS senior mortgage manager Jonathan Thompson.

He adds: “We’ve refreshed the range too, introducing some new shared ownership deals with fixed rates for two, three or five years, for borrower share of 85% or higher”.

“We were proud our H1 results showed how we’re delivering on our purpose to put home ownership within reach of more people and we’ll continue to seek more ways we can do this.”


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