Reach Mortgages offer eligible customers - including first-time buyers - with smaller deposits a new range of fixed rate mortgage options if their credit score doesn’t qualify for one of the Society’s standard mortgage products.
Reach Mortgages will be available as two-year, three-year, and five-year fixed rate mortgages (80%-95% LTV), offering a choice of fixed rate periods, product fees and loan-to-value tiers.
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 home ownership. 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.”
