Leeds BS launches new 95% LTV products

Leeds Building Society has launched two new five-year fixed rate mortgage products at 95% LTV.

Rates start at 4.95% with a £999 completion fee or 5.05% fee-free. The products are available for purchase only and come with a free standard valuation and 10% penalty free capital overpayments allowed each year.

The new products follow the Society's launch of new two-year fixed rate mortgages last week. The lowest rate of the new products starts at 4.32% which is available up to 65% LTV, along with a fee-free 4.72% fixed rate which is available up to 75% LTV.

Jonathan Thompson, Leeds Building Society’s senior mortgage manager, said: “We know that saving a deposit is a huge barrier to homeownership for many first-time buyers, and we hope that by launching these two new 95% LTV products we can help even more people achieve their dream of getting onto the property ladder.

“With many people concerned with the ongoing economic uncertainty, we wanted to offer customers certainty with their payments. I’m confident that these products will be very popular, particularly with first time buyers.”