Loughborough Building Society Launches 95% LTV Mortgage
Loughborough Building Society has launched a new 2 year fixed rate at mortgage 3.99% with free standard valuation, no arrangement fee and without the help of the government’s mortgage guarantee scheme. ERCs apply during the product term.
It’s available exclusively through the Intermediary channel for the purchase and re-mortgage of properties in England and Wales.
Ashley Pearson, BDM at The Loughborough said: “It’s been a tough year for borrowers with a smaller deposit so I’m glad we can offer something for those who need it. The 5% deposit can be from the borrowers’ own savings or gifted”.
Of course, we also offer mortgages for those with little or no standard deposit from our Family Assist range, but these need family support and not everyone has that.