Leek United has launched a new suite of mortgages including fixed rates with interest only, cashback and no fees options as well as buy-to-let discounts and mortgages with no ERCs.
The new interest only two-year fixed rate has been launched following feedback from brokers who were keen for fixed rate interest only mortgages to be available in the market to satisfy a growing demand. Discount interest rates start at 1.99% with a fee, or 2.30% without, and a maximum LTV of 75%.
Another new set of mortgages with a 95% maximum LTV are introduced including a two-year and five-year fixed rates with no fee and £500 cashback, as well as free valuations on all mortgages.
The new Leek United mortgages range also includes options for buy-to-let landlords with fixed rate and discounted products, including first-time and non-homeowners landlords.
Lisa Buckley (pictured), the Society’s head of marketing and mortgage sales, said: “We’re delighted to introduce this new range of innovative mortgages. We have listened to our broker partners and their desire to write more business with us which is very important to the intermediary team. We’ve been highly responsive to the needs of brokers and I’m sure the new fixed rate interest only product will prove to be a hit.
“But we’ve also continued to improve opportunities to help brokers with buy-to-let landlord products which are still proving popular. We’ve also introduced new products to help first time buyers get their new home and start their journey on the housing ladder.
”We’re delighted to have had so much positive feedback from our introducers and look forward to helping them develop more business as we continue to provide a first class service and exciting new products.”