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Nottingham BS and Leeds BS cut rates and update deals – roundup

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  • 20/02/2019
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Nottingham BS and Leeds BS cut rates and update deals – roundup
New products and rate cuts have been announced by Nottingham for Intermediaries and Leeds Building Society.

 

Nottingham for Intermediaries has updated its residential deals, which are available for purchases and remortgages.

These include a two-year fixed rate deal at 1.52% for borrowers with a 20% deposit, as well as a 1.84% product with no fee. There is also a suite of five-year fixed rate deals including a five-year 80% loan to value (LTV) product at 2% with a £999 fee, alongside a fee-free option at 2.2%.

Nikki Warren-Dean, head of intermediary sales at the mutual, noted that these deals followed the addition of retirement interest-only mortgages to its product range earlier this week.

She added that as with all its products, this range is provided exclusively via its broker network.

 

Leeds BS updates first-time buyer options

Leeds Building Society has cut the rates on its high LTV and Help to Buy mortgage ranges.

Cuts of up to 0.33% will be carried out out on its two- and five-year 95% LTV range. The refreshed range now includes a two-year fixed rate of 2.74% with a £999 fee, with a fee-free option at 3.09%, as well as a fee-free five-year fixed rate at 3.79%.

The Help to Buy range is being cut by up to 0.23%, and includes a two-year fixed rate deal at 2.29%, available up to 75% LTV with free standard valuation, £500 cashback and no product fee.

The revamped range will launch on 22 February.

Matt Bartle (pictured), director of products at Leeds BS, said: “The reduced deals, as well as the cashback incentives, are further examples of offering greater choice to borrowers to help them find products that suit their individual needs. Cashback can provide additional flexibility and cash during what can be an expensive time for home buyers.”

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