The Society has reduced the rate on its two-year fixed rate non-conforming mortgage and launched a three-year base rate tracker. Both products are available for three levels of impaired credit: light, medium and heavy.
The Society will consider a wide range of circumstances and these products have been designed with this in mind, including:
- County Court Judgements (CCJs)
- Mortgage or rent arrears
- Defaults
- Bankruptcy
- Individual Voluntary Arrangement (IVA)
The rate applicable for each product depends on the level of impaired credit, starting from 5.89 per cent for the two-year fixed rate and 5.85 per cent for the base rate tracker.
Jeff Kirk, corporate relationship manager at Leeds, said: “We are constantly reviewing our product range and have created a range of innovative products designed to offer customers with impaired credit the opportunity to remortgage or purchase their own home.
”These products confirm our commitment to clients looking to repair their credit whilst benefiting from a very competitive rate.”
