Leeds launches high LTV discounts

The mortgages have a rate of 3.30% to 95% LTV for purchase only and 2.39% to 90% LTV for purchase or remortgage with fees assisted legals and standard remortgages.

After the end of the 2-year term each mortgage has a 1% discount for a further three years.

Martin Richardson, Leeds Building Society’s director of business development, said: “While interest rates have remained at historic lows more borrowers have been prepared to consider a variable rate mortgage and the prospect of any increase in the Base Rate is still uncertain.

“Our current discount rates are highly competitive at all LTVs and all come with a low £199 fee and incentives including a free standard valuation.”