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TODAY'S OTHER NEWS

Leek United launches new BTL products

Leek United has launched new buy-to-let products for both non-homeowner and regulated deals. 

There are four new products for buy-to-let purchasers, including two new mortgage products for non-homeowner buy-to-lets.

A two-year non-homeowner buy-to-let mortgage with no fees has a rate of 2.25%, fixed until 30 September 2022 and a maximum loan-to-value (LTV) of 65%. 

Meanwhile, for regulated BTL purchasers, Leek United has launched a two-year, fixed-rate 65% BTL product that has no fees. It also has a rate of 2.25%, fixed until 30 September 2022.

Lisa Buckley, head of sales and marketing, commented: “For buy-to-let, we’ve revamped our products and we now have four new products for both non-homeowner and regulated buy-to-lets 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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