You are here: Home - News -

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

by:
  • 05/07/2018
  • 0
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.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Thistle Finance and Brightstar complete pair of deals worth £22m

Specialist finance brokers Brightstar and Thistle Finance have completed a pair of deals with Interbay and Oblix Capital respectively worth...

Close