Leeds BS launches new 95% LTV mortgages

Leeds Building Society has launched two new 95% LTV mortgages.

The two-year fixed rates are available from 5.37% with a £999 completion fee or 5.57% fee-free.

Each is available for purchase only and comes with a free standard valuation.

Jonathan Thompson, senior mortgage manager at Leeds Building Society, said: “We consistently see strong demand for higher LTV deals and this traditional product is probably the first type of mortgage many potential first-time buyers might consider.

“After helping 18,000 first-time buyers last year, we remain focused on supporting this group to deliver on our purpose of putting home ownership within reach for more people.

“In the current rising rate environment, fixed rate mortgages remain popular across all LTVs.

“For that reason, the Society also has introduced a new lower LTV two year fix - at 4.62% up to 65% LTV, with no completion fee - for home purchase or remortgage.”