Please note: Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

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Fixed rate mortgages cut by up to 0.30% by Leeds Building Society

Leeds Building Society has refreshed its mortgage range by reducing its fixed rate deals by up to 0.30%.

Highlights include:

  • 1.99% two year fixed rate available up to 90% LTV (loan to value)
  • 2.24% fee saver five year fixed rate available up to 85% LTV

The reductions include a cut of 0.30% on all fixed rate deals in the Society’s Holiday Let mortgage range. These come with a combination of fees, including no fee, as well as legal and valuation incentives.

“Borrowers have benefitted from many years of historically low rates but we’re now in a rising rate environment and they may want to lock in to give themselves security on their monthly repayments,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.

“A lot of people start the New Year by reviewing their financial commitments, or deciding to move, and the ongoing economic uncertainty gives homebuyers and remortgagors an extra incentive to lock into a fixed rate now for the longer term.”

1.99% two year fixed rate mortgage up to and including 31st March 2020:

  • 1.99% fixed up to and including 31st March 2020
  • Followed by a 1% SVR discount (currently 4.69%) until 31st March 2023
  • Available up to 90% LTV
  • Free standard valuation up to £999
  • Up to 10% capital overpayment allowed penalty-free each year
  • £999 product fee
  • Available for purchase or remortgage
  • Tapered early repayment charges (3/2%)

2.24% fee saver five year fixed rate mortgage up to and including 31st March 2023:

  • 2.24% fixed up to and including 31st March 2023
  • Available up to 85% LTV
  • No product fee
  • Free standard valuation up to £999
  • Tapered early repayment charges (5/5/4/3/2%)
  • Up to 10% capital overpayment allowed penalty-free each year
  • £999 product fee
  • Available for purchase or remortgage

Leeds Building Society was named Best Building Society Savings Provider in the Moneyfacts Awards for 2017, having also won this title in 2016. 

The Society won the title of Best Shared Ownership Mortgage Lender in the 2017 What Mortgage Awards, its second consecutive year of success in this category.

Leeds Building Society operates throughout the UK, Gibraltar and Ireland and has assets of £17.3bn at 30th June 2017 (£14.9bn at 30th June 2016). The Society’s head office has been based in the centre of Leeds since 1886.