Leeds Building Society has recently announced the launch of a new residential loan product offering customers the option to borrow up to 90% of their property’s value with a 3- or 5-year term. This is great news for those looking to purchase a property, as it offers a competitive loan-to-value ratio and flexible repayment terms.
The new loan product is available to both existing and new customers, and offers a range of benefits. Firstly, the loan-to-value ratio of up to 90% means that customers can borrow more of the value of their property than with other loan products. This is ideal for those who may not have enough savings to cover the full cost of the property.
The loan also offers customers the flexibility to choose between a 3- or 5-year term. This means that customers can choose the repayment period that best suits their needs. For those who want to pay off their loan quickly, the 3-year term is ideal, while those who want to spread out their payments over a longer period may prefer the 5-year term.
In addition, Leeds Building Society is offering competitive rates on its residential loan product. This means that customers can get a great deal on their loan and save money in the long run.
Overall, Leeds Building Society’s new residential loan product is a great option for those looking to purchase a property. It offers a competitive loan-to-value ratio, flexible repayment terms, and competitive rates, making it an attractive choice for those looking for a loan.