Variable Rate mortgages

We have a number of different variable rates depending on the mortgage product, including our Standard Variable Rate (SVR), Buy to Let Variable Rate (BTL) and Offset Variable Rate. These apply across our range of mortgage products, and may apply from the start of the mortgage or when you reach the end of a fixed or tracker deal. Don’t forget to check the terms of each mortgage for details.

Please be aware that variable rates may vary in accordance with our mortgage terms and conditions.

You can choose from applying online¹, in branch or over the phone, and can even use our mortgage calculator and get a decision in principle today.

Warning:THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Standard Variable Rate

The Society's SVR applies for the term of the mortgage (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
5.44%5.6%85%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 1 SEP 2016

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

Representative Example

A mortgage of £100,000.00 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 5.44% (variable) would require 300 monthly payments of £609.88.

The total amount payable would be £183,229.59 made up of the loan amount plus interest of £82,964.59 and booking fee £0, product arrangement fee £0, valuation fee £230.

The overall cost for comparison is 5.6% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

Additional Features

  • No higher lending charge.
  • Unlimited capital repayments are allowed.
  • Maximum loan amount is £500,000.
  • Interest calculated daily.
  • No Early Repayment Charges apply.
  • This product is not available to interest only applications.

Buy to Let Variable Rate

The Society's BTL Variable Rate applies for the term of the mortgage (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
5.74%5.9%70%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 1 SEP 2016

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

Representative Example

A mortgage of £150,000.00 payable over 25 years on our Buy to Let Variable Rate for the mortgage term of 25 years at our current rate of 5.74% (variable) would require 300 monthly payments of £717.50.

The total amount payable would be £365,555.00 made up of the loan amount plus interest of £215,250.00 and booking fee £0, product arrangement fee £0, valuation fee £270.

The overall cost for comparison is 5.9% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

Additional Features

  • No higher lending charge.
  • Unlimited capital repayments allowed
  • Maximum loan amount is £500,000
  • Interest calculated daily.
  • No Early Repayment Charges apply.

¹If you apply for a mortgage online you will not receive advice from Leeds Building Society. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances. You will not benefit from the protections offered by an advised service. This is called an execution only transaction. If you would like to receive advice from us please call into one of our branches (find a branch) or contact us on 03450 50 50 75 .