Leek United has announced the launch of two new fixed-rate mortgage products as it looks to respond to changes in the market.
The new products include a two-year residential fixed rate mortgage with £400 cashback which has a rate of 1.60%, fixed until 30 September 2022, and a maximum LTV of 80%. The society added that the APRC is 4.8% and that application fees will apply.
Leek United has also launched a new five-year residential fixed rate mortgage with a rate of 2.05%, maximum LTV of 80% and no application fees. The APRC on this product is 4.3% and the rate is fixed until 30 September 2025.
Leek United head of sales and marketing, Lisa Buckley, said: “Our new fixed rate mortgage range includes two new fixed rate products and is designed to respond to the changing mortgage market.
“These are competitive products for customers looking to have certainty over their rate and monthly payments for a period of time and will give homeowners added choice when their current mortgage deal is coming to end. I’m confident these products will allow intermediaries to have more options when helping their clients.”
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