The deals are available up to 100 per cent loan-to-value (LTV) and come with a fees-free option for first-time buyers and clients with smaller initial finance.
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The initial three-year fix is offered at 5.79 per cent up to 90 per cent LTV, 6.39 per cent fixed from 91-95 per cent LTV and 6.59 per cent available from 96-100 per cent LTV. There is no higher lending charge (HLC) and a £699 completion fee is applicable. The tapered early repayment charges (ERCs) are 4 per cent in year one, 3 per cent in the year two and 2 per cent in year three.
The fees-free three-year fix is 6.29 per cent up to 90 per cent LTV, 6.89 per cent from 91-95 per cent LTV and 6.99 per cent from 96-100 per cent LTV. There is no HLC or completion fee and tapered ERCs are 4 per cent of the amount redeemed in year one, 3 per cent in year two and 2 per cent in year three.
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Karen Wint, head of marketing and PR at Leeds BS, said: “These products offer excellent flexibility for customers who do not have any deposit, or would prefer to keep their savings to furnish their new home. We have also launched fees-free versions to help more clients benefit from a fixed rate.”
Tony Catt, sole broker, said: “It looks like quite a decent range. I like Leeds BS as a lender and as a service provider. The schemes are pretty decent too and I especially like that there are no HLCs and the £699 completion fee is in keeping with similar packages that are available in the mortgage market.”
