Leek United has announced the launch of new residential products, including some with no fees and cashback, and new 75% LTV products.

The society has also launched new buy-to-let (BTL) products for both non-homeowner and regulated BTLs, as it responds to the market. 

The new residential products include a two-year residential, fixed rate mortgage with a rate of 1.85%, fixed until 30 September 2022, and a maximum LTV of 80%. The society suggested the product would benefit those looking for support with their legal fees by also offering cashback and no application or valuation fees.

Leek United has also unveiled two new residential fixed rate mortgages with 75% LTV to complement its current offering of 80% and 60% LTV products. For BTL purchasers, the society has launched four new products, including two new mortgage products for non-homeowner BTLs.

A two-year non-homeowner BTL mortgage with no fees has a rate of 2.25%, fixed until 30 September 2022 and a maximum LTV of 65%, while for regulated BTL purchasers, Leek United has launched a two-year, fixed rate 65% BTL product that has no fees and a rate of 2.25% – also fixed until 30 September 2022.

Leek United head of sales and marketing, Lisa Buckley, said: “Our new fixed rate mortgage range includes competitive interest rates and products with no fees and cashback. The new two-year fixed rate, fee-free product with cashback will support purchasers with their legal fees. We’ve also added to our mortgage offering with two new 75% LTV products to give more choice and flexibility.

“For BTL, we’ve revamped our products and we now have four new products for both non-homeowner and regulated BTLs where we use the market rate to calculate the rental coverage, rather than what the family member is paying. I’m confident these products will allow intermediaries to have more options when helping their clients.”

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