One of the new products is designed for purchasers of energy efficient homes
Leeds Building Society has added three new deals at 90% loan-to-value (LTV) to its range of five-year fixed rate mortgages.
The lender said the new products include one for purchasers of the most energy efficient homes, as part of the society’s efforts to support members in reducing their carbon footprint.
The new five-year deals are:
- Fixed rate of 4.69% for purchase or remortgage, with no completion fee
- Fixed rate of 4.64% for purchase or remortgage, with a £999 completion fee
- Fixed rate of 4.54% for purchase only of properties with an energy performance certificate (EPC) or predicted energy assessment (PEA) rating of ‘A’ to ‘C’, with a £999 completion fee
Each is available up to 90% LTV and comes with a free standard valuation. For remortgages, incentives also include fees assisted legal services.
“Ongoing economic volatility and the rising cost-of-living are prompting more borrowers to seek out longer term fixes and the payment security these can offer,” Jonathan Thompson (pictured), senior mortgage manager at Leeds Building Society, said.
“When a mortgage tends to be your biggest monthly outgoing, choosing to fix gives certainty which can help with managing the rest of your household budget as bills for utilities and essentials continue to rise.”
Improving rates on 90% LTV deals follows the society’s recent launch of new 95% LTV five-year fixes, to support borrowers with smaller deposits.
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