Leek United Building Society has reintroduced portfolio buy-to-let and interest-only products.
The society has released two residential interest-only products, which include a 75% LTV 2-year fix at 2.42% or discounted at 2.19% variable.
Leek United has also added three BTL products, which are available at 2 and 5-year options up to 65% LTV, and a 2-year fixed up to 75% LTV.
The lender has also removed the requirement for a personal affordability assessment, which speeds up the processing of portfolio applications.
Leek United has also reduced the rate on its 85% LTV residential 5-year fix, which includes no fees or £400 cashback.
Laura Allcock, intermediary lending manager at Leek United Building Society, said: “Following many conversations with intermediaries we were keen to get back in to both the portfolio BTL and interest-only markets.
With Covid-19 having dealt a devastating blow to the tourism industry worldwide, it was reassuring to discover a small tourist operation in Joburg’s CBD that had been able to survive the crisis by running inner-city walking tours. On 20 and 21 November 2020, we went on a walking tour through the gritty streets of Joburg’s CBD. Our guide was Charlie Moyo from JoburgPlaces & Thunder Walker, a tour company founded in 2011 by Gerald Garner, the author of many books on Joburg, including
Spaces & Places – Johannesburg.
We began our day with a briefing by Charlie in the restaurant of JoburgPlaces building on 110 Fox Street, an elegant Edwardian structure that was built in 1904 as the head office of the then United Building Society. The building, which is situated on the recently renovated Gandhi Square, is where the court building once was and where Mahatma Gandhi practised law. This 120-year-old building is one of the few “survivors” of Joburg’s tumultuous history of archite