The product offered up to 75% loan to Value is available for both purchase and remortgages.
Chief executive of SimplyBiz Mortgages, Martin Reynolds, said: “We believe that this product is an excellent addition to our members portfolio and we have worked hard with Leeds to make this a very attractive deal. We feel that there are a number of features with this product that when added to Leeds’ criteria niches will appeal to many types of customers and provide new opportunities to our members.”
Phil Coombes, head of intermediary sales at Leeds Building Society, added: “We have been working very closely with SimplyBiz Mortgages this year on various initiatives and we expect this product to really help their members. We are looking forward to building on this product with a number of announcements over the coming months as we see SimplyBiz Mortgages as an important strategic partner for Leeds.”
Leeds has also launched a fixed, fees assisted buy-to-let deal, available over a three-year period, at 4.39% up to 65% LTV.