The products include a 2-year fixed rate shared-ownership deal available at 5.29% at 75% loan to value (maximum of 95% of the borrower’s share available) with £400 cashback, a 2-year fixed buy-to-let at 4.19% at 75% and a 2-year residential product is available at 3.99% up to 85% LTV with a free valuation and legals for remortgages and no completion fee.
Robert McCoy, senior product and communications manager at PMS, said: “These products add further variety to our existing range of exclusive products and I am sure they will be welcomed by our members. The security of a fixed rate mortgage will be popular among many clients while the base-rate tracker product offers choice for those customers who are mortgage prisoners at the higher end of the LTV scale and who wish to take advantage of the historically low base rate.”
McCoy added: “We have seen a demand in shared-ownership products and we expect this specialist product to particularly appeal to first-time buyers.”
Phillip Coombes, head of intermediary sales at Leeds, said: “I am pleased that we have been able to support our partners at Sesame Bankhall Group with a range of products that support their brokers and clients in these key markets of shared ownership and buy-to-let.”
