The two year and five year fixed-rate products are available at 3.79% and 3.8% respectively for loans up to 80% loan to value. The two year product is the only two year fixed rate offering in the market with no early repayment charges at this loan to value.
The third product, a two year fixed rate mortgage, is tailored for shared ownership clients. It is available at 5.69% for loans up to 75% loan to value and includes the highest cashback amount available on a shared ownership product.
Robert McCoy, senior product and communications manager at PMS, commented: “These exclusive products are excellent additions for our members. The security of a fixed rate mortgage will be popular amongst many clients and with more customers exploring shared ownership options when buying, we expect this specialist product to particularly appeal to first time buyers.”
Phillip Coombes, head of intermediary sales at Leeds BS, added: “We are very proud to be providing the only two year fixed rate product in the market with no early repayment charges at 80% loan to value and as all these products have low fees, they should be attractive across a range of clients.”