This product was launched on Friday 31 May.
Leek United Building Society’s 5-year fixed rate 3.10% mortgage at 95% loan-to-value (LTV) was given the ‘Best Buy’ rating by financial data provider Moneyfacts.
This product was launched on Friday 31 May. Leek United has also launched 2-year and 5-year fixed residential and buy-to-let deals and 2-year discounted residential and buy-to-let mortgage products.
Rachel Springall, finance expert at Moneyfacts, said: “Borrowers hoping to secure a low rate on their mortgage over the next five years with a 5% deposit will be delighted by this latest deal from Leek United Building Society.
“Those looking to minimise the upfront cost of their mortgage will find its generous incentive package of free valuation, £250 cashback and no product fee highly appealing.”
Customers who opened a savings account with the society before February 2017 receive a £200 cashback when they take out a mortgage with Leek United – as well as securing a £50 donation for one of four charities in Leek United’s heartland – on completion.
Lisa Buckley, the society’s head of marketing and mortgage sales, added: “Our new range of mortgage products really do have the ‘feelgood factor’ built in to them – and we’re especially delighted that one of them has already been rated as a national ‘Best Buy’.”
