Furthermore, the UK's 5th largest building society is also offering fees assisted versions at these high LTVs for customers who need assistance with upfront set-up costs.
Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said:
"We know that many customers are looking to lock in value and that finding a large deposit can be a challenge. That is why we have launched these 5-Year Fixed Rates available with as little as a 5% deposit.
"These deals deliver certainty and peace of mind on what is often the
biggest monthly outgoing for many households, at a very affordable rate
and at a time when people are seeing other bills continue to rise.
"Therefore, these products will be attractive to customers looking to budget, and particularly to those customers looking for a highly competitive deal with a low deposit.
"We have significantly increased our lending this year and believe that these products will stimulate further homeownership at an affordable rate and support the wider economy."
The 5-Year Fixed Rate starts at 4.94% and the fees assisted version from 5.34%. All the mortgages allow 10% capital repayments each year without penalty and do not have a higher lending charge.
Kim Rebecchi added:
"We have also launched fees assisted versions of
these products, for those who require help with up-front costs. These
new products are available throughout our branch network, where we have
fully qualified mortgage advisers to discuss individual customer
needs."
