Leeds Building Society has launched a mortgage range with the aim of putting homeownership within reach of more people.
The range, known as Reach Mortgages, was developed to offer eligible customers with smaller deposits fixed rate mortgage options if their credit score does not qualify for one of the society’s standard products.
The products will be available as 2-year, 3-year, and 5-year fixed rate mortgages at 80% to 95% loan-to-value (LTV), offering a choice of fixed rate periods and product fees.
Matt Bartle, director of products at Leeds Building Society, said: “Offering a solution for those who may have otherwise faced the possibility of being turned down for a mortgage is another step in delivering our purpose, putting home ownership within reach of more people generation after generation.
“For some, their credit score is one of the barriers which prevents homeownership.
“By introducing the new products in our Reach Mortgage range, alongside other initiatives launched this year such as our ground-breaking partnership with Experian Boost and Home Deposit Saver, we’re aiming to increase the number of mortgage applications we accept and help more people get on the housing ladder.”
