Mortgage News
Sesame offers exclusive ‘zero interest’ 90% LTV Leeds BS deal
Sesame members will be able to advise clients on Leeds Building Society’s ‘zero interest’ Welcome Mortgages offered at up to 90% loan-to-value in an exclusive deal.
Appointed representatives of the network have access to a 90% LTV mortgage with a 0% rate for the first three months, before changing to a fixed rate of 4.59% until December 2015.
In addition, a 2.79% two-year fixed rate fee-assisted product is available for both purchase and remortgage. The product has no early repayment charges.
Sesame Bankhall Group senior product and communications manager Robert McCoy said the products would add variety: “We are pleased that we have been able to secure the innovative Welcome Mortgage up to 90% LTV.
“The fee-assisted two-year product could suit customers who may be looking to sell their property in the near future and are currently sat on their lender’s SVR.”
Leeds BS launched a range of mortgage products offering borrowers an interest-free period of up to six months in June 2013.
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The products allow borrowers to begin their mortgage term with an interest-free period of either three or six months before paying a slightly higher rate for the rest of the fixed period.