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Tesco Bank launches low deposit mortgages as Leek BS revamps discounted deals – roundup

  • 05/07/2018
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Tesco Bank launches low deposit mortgages as Leek BS revamps discounted deals – roundup
Tesco Bank and Leek United Building Society have launched a range of mortgage products.

Tesco Bank is offering new 95% and 90% loan to value (LTV) deals, available for both house purchases and remortgages.

It means the lender now offers five-year fixed rates of 3.78% at 95% LTV, as well as 2.57% at 90% LTV, and both deals are fee-free.

At the same time, Tesco has reduced rates across a number of other mortgages, offering a fee-free two-year fix of 1.9% at 60% LTV.

Julian Hartley, director of mortgages, savings and loans at Tesco Bank (pictured), said: “We are delighted to launch a new range of mortgage products, while also reducing a number of our mortgage rates.

“This illustrates our continued commitment to offering our customers great value products that they can rely on.”


New mortgages from Leek United Building Society

Leek United Building Society is to launch a range of discounted mortgages, which will be available from July 6.

As part of the range, the lender will offer a two-year discounted rate of 1.24% at 60% LTV and a two-year discounted rate of 1.34% at 75% LTV.

There will also be a two-year 75% LTV interest-only mortgage rate discounted to 1.49%.

Clare Beardmore, Leek United’s head of mortgage sales, said: “Our new mortgages include six brand new products, as well as changes to the society’s existing portfolio.

“We have reduced the rates and removed fees on several mortgages – and there are some great offers to be had.”

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