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Monday, August 19, 2019

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Leek United reduces rates across mortgage range

Sam Monk | 14:31 Thursday 8th August 2019

Leek United has reduced rates on mortgage products across its range.

The building society’s five-year BTL fixed rate mortgage — with a maximum LTV of 65% and an annual percentage rate of charge (APRC) of 4.9% — has been reduced from 3% to 2.6%, while the five-year fixed rate mortgage for home purchase is now 3.22%, with an APRC of 5% and a maximum LTV of 95%.

Both fixes run to 31st December 2024.

Leek United’s two-year discount mortgage has been lowered to 2.4% from 2.59% and has an APRC of 5.3% with a maximum LTV of 90%.

John Kelly, operations director at Leek United (pictured above), said: “The new, lower rates are good news for customers as they help make buying a home more affordable.

“Fixed rates remain a popular choice for customers and landlords alike and help them with knowing what they will pay each month for the period of the fix, giving [them] peace of mind and making it easier to plan their outgoings.”

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