Leek United has been awarded an ‘Outstanding’ rating by financial data provider Moneyfacts for its two-year fixed rate mortgage at 95% loan-to-value.
The mortgage is ideal for first-time buyers as it requires just a 5% deposit and comes with an interest rate of 3.69%.
“This is our highest rating, and is only given on a truly market-leading product in the UK financial market,” said a Moneyfacts spokesperson.
“The fact that this deal has no arrangement fees, and includes incentives of a free valuation and £500 cashback, make it a ‘Best Buy’ for first-time homebuyers.”
Leek United’s ‘Outstanding’ rating follows a recent redesign of its entire mortgage products portfolio.
Clare Beardmore, the society’s head of mortgage sales, said: “We are delighted to receive Moneyfacts’ highest rating for one of our recently-launched mortgages.
“Our 95% Two-Year Fixed Rate Mortgage is aimed at giving first-time buyers the best possible help at the time they need it most, and this rating really is the financial industry’s ‘stamp of approval’ for what we believe to be a highly competitive, value-for-money, market-leading product.”
