MORTGAGES

Yorkshire Building Society has launched a range of high LTV products which undercut those offered through the government’s Help to Buy scheme.

The lender has unveiled 36 products at 95% LTV which will be available across its brands and stated there was a ‘level of doubt’ from consumers over the Help to Buy range.

The headline product is a fee-free two-year fixed rate mortgage available at 4.89%, undercutting Royal Bank of Scotland’s equivalent Help to Buy product by 10bps and Halifax’s offering by 70bps.

HSBC is set to launch into Help to Buy 2 on Monday 25 November with two fixed rate mortgages, offered up to 95% loan to value.

The lender will require a minimum deposit of £10,000 for 90 – 95% LTV applicants.

The rates on offer will be a 4.79% 2-year fix – up to 95% LTV with a £99 booking fee and a 4.99% 5-year fix – up to 95% LTV with a £99 booking fee.

Cambridge Building Society has reduced rates and introduced an 85% LTV tier as part of a wide ranging refresh of its mortgage products.

The lender has also launched a new range of three-year fixed rate products including a 3.29% mortgage at 75% LTV and 4.59% at 90% LTV. All products come with a £199 application fee and no completion fee applies.

The new 85% LTV tier will include a two-year discounted fix at 3.14% and a five-year fix at 4.19%.

SAVINGS

Leeds Building Society has launched a long-term fixed rate monthly income bond paying a guaranteed return of 4% for 10 years.

The Bond has a minimum operating balance of £10,000 per account and withdrawals are not permitted during the term.

It is available to open in branch and by post.