Leek United cuts rates

Michael Lloyd

August 8, 2019

Leek United has reduced rates on a number of mortgage products across its range.

The 5-year buy-to-let fixed rate mortgage with a maximum loan-to-value (LTV) of 65%, was reduced to from 3.00% to 2.60%.

Meanwhile the 5-year fixed rate mortgage for home purchase is now 3.22% with a maximum LTV of 95%.

John Kelly (pictured), operations director at Leek United, said: “The new, lower rates are good news for customers as they help make buying a home more affordable.

“Fixed rates remain a popular choice for customers and landlords alike, and help them with knowing what they will pay each month for the period of the fix, giving peace of mind and making it easier to plan their outgoings.

“Feedback from our brokers has been useful in developing our product suite and they will also benefit by being able to help more of their clients – and their business.

“These new products are likely to be very attractive to introducers as we continue to respond to the market and provide mortgages that are suitable for a wide range of customers.”

The 2-year discount mortgage at 90% LTV was also cut from 2.59% to 2.40%.

Leek United’s product range offers free valuations on all mortgages.

For landlords the Leek United mortgage range also includes options for first-time and non-homeowner landlords, as well as mortgages for holiday homes and second homes.

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