Leeds Building Society has launched a range of products aimed at the under-served interest-only mortgage market.
It has unveiled two and five-year fixed rates up to 50% loan to value (LTV).
The deals charge 2.49% and 3.19% respectively.
Both products offer free standard valuations up to £335 and fee-assisted legal services for standard remortgages. They have £199 booking fees but no arrangement fee.
Leeds is also launching a two-year discount rate deal charging 2.30% to 50% LTV. This also comes with a free standard valuation up to £335 and fee-assisted legal services for standard remortgages.
On all three deals, the maximum loan size is £500,000. There is no higher lending charge.
Customers can also make 10% capital repayments each year without penalty.
Leeds general manager Martin Richardson said: "Our new range of products is designed to support homebuyers and remortgagors looking to borrow on an interest-only basis and supports under-served customers in this market, who use Sale of Property' as their intended repayment vehicle.
"We already offer interest-only up to 50% LTV, accepting various repayment vehicles.
"However, not all interest-only mortgage providers accept Sale of Property as a repayment vehicle."
Richardson said Leeds had reviewed its range of competitive two and five-year deals to offer borrowers an additional range of benefits including low fees, free valuations and fee-assisted legal services.
"These offers provide a fantastic opportunity for those customers who wish to lock into the certainty of low fixed repayments. This is combined with the flexibility of 10% capital repayments each year at a very affordable rate."
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