PMS® and Sesame launch exclusive mortgage products via Leeds Building Society

→ PMS® members and appointed representatives of Sesame network have access to three new exclusive mortgage products from Leeds Building Society.

PMS® members and appointed representatives of Sesame network have access to three new exclusive mortgage products from Leeds Building Society.

The two year and five year fixed rate products are available at 3.79 per cent and 3.8 per cent respectively for loans up to 80 per cent loan to value. The two year product is the only two year fixed rate offering in the market with no early repayment charges at this loan to value.
 

The third product, a two year fixed rate mortgage, is tailored for shared ownership clients. It is available at 5.69 per cent for loans up to 75 per cent loan to value and includes the highest cashback amount available on a shared ownership product.

  

Robert McCoy, senior product and communications manager at PMS, commented:

These exclusive products are excellent additions for our members. The security of a fixed rate mortgage will be popular amongst many clients and with more customers exploring shared ownership options when buying, we expect this specialist product to particularly appeal to first time buyers.”

 
 
 
 

Phillip Coombes, head of intermediary sales at Leeds BS, added:

 
We are very proud to be providing the only two year fixed rate product in the market with no early repayment charges at 80 per cent loan to value and as all these products have low fees, they should be attractive across a range of clients. We look forward to enhancing our relationship with Sesame and PMS by providing them with these competitive mortgages.
 

 

 
 
 

- Ends -

 

Further media enquiries
Jared Aitken, Head of media relations
Sesame Bankhall Group
Mobile: 07801 500466
 e: [email protected]

Cat Ommanney, MRM Office: 020 3326 9903
 Mobile: 07792 768 267
 e: [email protected]
 

 
 
 

About Sesame Bankhall Group
 Sesame Bankhall Group operates three distinct distribution brands.

 
 
 
  • Sesame is the UK’s largest appointed representative (AR) network with 1,300 member firms. •
  • Bankhall is the market-leading support services business for 1,500 directly regulated IFAs. 
  • PMS operates the largest mortgage club for directly regulated mortgage brokers in the UK.
 
 

Services provided include compliance and regulatory support, access to one of the UK’s most comprehensive training and development programmes, in-depth product research, preferential PI terms and access to the latest technology to enable advisers to write business more efficiently.

 
 
 

Further details of the exclusive products:

 
 
 

Product 1

  • Two year fixed rate
  • 3.79 per cent (up to 80 per cent loan to value)
  • Booking fee of £199
  • Completion fee of £400 up to £500,000. 1 per cent of loan size over £500,000. 
  • Free standard valuation up to £335 (Purchase & Remortgages) 
  • Free legals for standard remortgages • No early repayment charges
 
 
 

Product 2

  • Five year fixed rate •
  • 3.8 per cent (up to 80 per cent loan to value) •
  • Booking fee of £199
  • No completion fee
  • Free standard valuation up to £335 (Purchase & Remortgages) 
  • Free legals for standard remortgages 
  • Early repayment charges of 5, 5, 4, 3 and 2 per cent of amount redeemed
 
 
 

Product 3

  • Two year fixed rate shared ownership
  • 5.69 per cent (up to 75 per cent loan to value)
  • 95 per cent borrower share
  • Booking fee of £199
  • Completion fee of £400 up to £500,000. 1 per cent of loan size over £500,000. 
  • Free standard valuation up to £335 
  • Cashback of £500 
  • Early repayment charges of 3 and 2 per cent of amount redeemed
 
 

Media enquiries


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Sesame Bankhall Group Limited, company number 3573352. Sesame Limited, company number 2844161. Sesame Services Limited, company number 2338540. Bankhall Support Services Limited, company number 2785381. Sesame General Insurance Services Limited, company number 01902998. Premier Mortgage Service Limited, company number 05011650. Each company is registered in England & Wales with a registered office at Pixham End, Dorking, Surrey, RH4 1QA. Bankhall Support Services Limited and Sesame Limited are authorised and regulated by the Financial Conduct Authority. Sesame General Insurance Services Limited and Premier Mortgage Service Limited are appointed representatives of Sesame Limited.