"As the 95% LTV is likely to appeal to those taking their first steps onto the property ladder we’ve added cashback at completion"
Leeds Building Society has expanded its range of two-year fixed rate mortgages, including a new deal up to 95% LTV with £250 cashback.
The 95% LTV two-year fixed rate is available at 5.55%. In addition, a 90% LTV two-year fix starts at 5.10% and a 65% LTV product has launched at 4.42%.
Each comes with a free standard valuation and has no completion fee.
Jonathan Thompson, senior mortgage manager at Leeds Building Society, said: “We continue to see strong demand for higher LTV mortgages and remain focused on helping borrowers with smaller deposits.
“Last year about one in three of all our new mortgages went to first-time buyers so we want to build on that success as we work towards our purpose of putting home ownership within reach of more people.
“As the 95% LTV is likely to appeal to those taking their first steps onto the property ladder we’ve added cashback at completion, which we know is a time when money can be tight with lots of costs due at the same time.
“Supporting first-time buyers is important to us as a mutual and also because this group is the lifeblood of a healthy housing market. But we’ve not forgotten homebuyers and remortgagors further up the ladder and have refreshed our rates at lower LTVs too.”
