Leeds launches 90% LTV products

Jake Carter

January 12, 2021

Leeds Building Society

Leeds Building Society has re-entered the 90% loan-to-value (LTV) market with the launch of two products.

The lender has added a 90% LTV 2-year fix at 3.44%, and a 90% LTV 5-year fix at 3.50%.

The products are available for residential purchase or remortgage, and offer a free valuation.

Both deals include a £999 product fee, and for standard remortgages, fee-assisted legal services.

Matt Bartle, director of products at Leeds Building Society, said: “We’re pleased to have been able to continue to support the housing market and our members throughout 2020, particularly in the affordable housing space including shared ownership.

“While we’re currently experiencing another lockdown as 2021 has begun, this time around there should be much less impact on the functioning of the housing market as estate and letting agents, and removal companies, can continue to operate.

“These differences to last March’s lockdown, and the strong recovery of the housing market in the latter half of 2020 gives us grounds for optimism, even though overall economic conditions clearly remain uncertain.

“We keep our products, rates and lending criteria under constant review to ensure we can continue to support customers who are not well-served by the wider market, informed by insight such as the feedback we seek and receive from our intermediary partners.”

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