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.

Welcome mortgages

The Welcome mortgage is a unique proposition available over a 2,3 or 5 year term: for the first three or six months of the mortgage, your client will pay 0% interest then changing to a fixed rate for 2, 3 or 5 years, followed by our SVR for the remaining term of the mortgage. These products are only available for house purchases and must be applied for on a repayment basis. Interest only is not available.

Please see below for full product details.

AVAILABLE TO INTERMEDIARIES ONLY

2 year Fixed Rate Welcome Mortgages

Initial fixed rate first 3 monthsThen changing to a fixed rate, up to and inc. 28/02/19, of:Then the Society's SVR thereafter (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
0.00%2.13%5.44%4.9%85%£199 View
Max loan amount £500,000
RATES CORRECT AS AT 24 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £61,000.00 payable over 25 years initially on a fixed rate for 3 months at 0.00% and then a fixed rate for 21 months at 2.24% and then on our current Standard Variable Rate of 5.44% for the remaining 23 years would require 3 monthly payments of £203.34, 21 monthly payments of £264.88 and 276 monthly payments of £362.83.

The total amount payable would be £106,548.85 made up of the loan amount plus interest of £45,314.85 and booking fee £0, product arrangement fee £199, valuation fee £0.

The overall cost for comparison is 4.9% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

These products are only available for house purchases. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 28 Feb 2019.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • These products are not available to interest only applications.
  • Only available for house purchases.

3 year Fixed Rate Welcome Mortgages

Initial fixed rate first 3 monthsThen changing to a fixed rate, up to and inc. 29/02/20, of:Then the Society's SVR thereafter (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
0.00%2.35%5.44%4.7%85%£199 View
Max loan amount £500,000
RATES CORRECT AS AT 24 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £125,000.00 payable over 25 years initially on a fixed rate for 3 months at 0.00% and then a fixed rate for 33 months at 2.35% and then on our current Standard Variable Rate of 5.44% for the remaining 22 years would require 3 monthly payments of £416.67, 33 monthly payments of £549.53 and 264 monthly payments of £735.91.

The total amount payable would be £213,899.16 made up of the loan amount plus interest of £88,665.16 and booking fee £0, product arrangement fee £199, valuation fee £0.

The overall cost for comparison is 4.7% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

These products are only available for house purchases. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 29 Feb 2020.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • These products are not available to interest only applications.
  • Only available for house purchases.

5 year Fixed Rate Welcome Mortgages

Initial fixed rate first 3 monthsThen changing to a fixed rate, up to and inc. 28/02/22, of:Then the Society's SVR thereafter (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
0.00%2.49%5.44%4.3%80%£199 View
Max loan amount £500,000
0.00%2.65%5.44%4.3%85%£199 View
Max loan amount £500,000

Initial fixed rate first 6 monthsThen changing to a fixed rate, up to and inc. 28/02/22, of:Then the Society's SVR thereafter (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
0.00%2.82%5.44%4.4%85%£199 View
Max loan amount £500,000
RATES CORRECT AS AT 24 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £75,000.00 payable over 25 years initially on a fixed rate for 6 months at 0.00% and then a fixed rate for 54 months at 2.82% and then on our current Standard Variable Rate of 5.44% for the remaining 20 years would require 6 monthly payments of £250.00, 54 monthly payments of £346.24 and 240 monthly payments of £434.20.

The total amount payable would be £124,639.76 made up of the loan amount plus interest of £49,405.76 and booking fee £0, product arrangement fee £199, valuation fee £0.

The overall cost for comparison is 4.4% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

These products are only available for house purchases. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 28 Feb 2022.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • Only available for house purchases.

We have developed a set of short, easy-to-use guides to our criteria.

View our criteria guides »

Any questions?

Please contact your nearest Development Manager. Find your nearest Development Manager »