Leek United reintroduces portfolio BTL and interest-only products
Leek United Building Society has reintroduced portfolio buy-to-let and interest-only products.
The society has released two residential interest-only products, which include a 75% LTV 2-year fix at 2.42% or discounted at 2.19% variable.
Leek United has also added three BTL products, which are available at 2 and 5-year options up to 65% LTV, and a 2-year fixed up to 75% LTV.
The lender has also removed the requirement for a personal affordability assessment, which speeds up the processing of portfolio applications.
Leek United has also reduced the rate on its 85% LTV residential 5-year fix, which includes no fees or £400 cashback.
Laura Allcock, intermediary lending manager at Leek United Building Society, said: “Following many conversations with intermediaries we were keen to get back in to both the portfolio BTL and interest-only markets.
“We are seeing an increased demand and have the specialist skills in our intermediary and underwriting teams to deliver a quality service.
“We are constantly reviewing our processes and our product ranges to ensure we are meeting the needs of our partners in 2021.”