Loughborough Building Society adds 95% LTV product

Jake Carter

May 11, 2021

launch products

Loughborough Building Society has launched a 95% loan-to-value (LTV) mortgage product.

Ashley Pearson, business development manager at The Loughborough, said: “It’s been a tough year for borrowers with a smaller deposit so I’m glad we can offer something for those who need it.

“The 5% deposit can be from the borrowers’ own savings or gifted.”

The offering is a 95% LTV 2-year fix at 3.99%, with free standard valuation and no arrangement fee.

Early repayment charges do apply throughout the fixed period.

It is available exclusively through the intermediary channel for the purchase and re-mortgage of properties in England and Wales.

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