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Leeds offers market leading fixed rate mortgage range

Leeds Building Society’s 2 year fixed rate mortgage is market leading at 2.09% between 60% and 65% LTV and at 2.34% from 66% to 75% LTV. The rate has been reduced by 0.15% to a market leading 2.69% between 76% and 80% LTV. There is also a version available, to those clients with just a 15% deposit, at 3.19% following a 0.25% rate reduction.

The Society has also lowered rates by a further 0.10% (following recent reductions of up to 0.50%) on its 3 Year fixed rate mortgage to 3.39%, available between 81% and 85% LTV, and to a market leading 2.69% between 76% and 80% LTV. Leeds also has a 3 Year fixed rate available at only 2.55% up to 75% LTV.

The mutual’s 5 year fixed rate mortgage has been reduced by 0.30% to just 3.69%, available between 81% and 85% loan to value (LTV). The 5 year version available between 76% and 80% LTV has seen a rate cut of 0.20% to 3.39%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

Phil Coombes, Leeds Building Society’s Head of Intermediary Sales said, “Our fixed rate mortgage range has seen further rate reductions, and now includes market leading deals available for 2, 3 and 5 year periods. These offers represent a fantastic opportunity for those clients who wish to lock into the certainty of low fixed repayments. This is combined with the flexibility of 10% capital repayments each year at a very affordable rate.

“We also have fees assisted versions of these products available, for those clients who require help with up front costs.”

To discuss a new case with one of our mortgage development team, mortgage introducers should go to http://www.leedsbuildingsociety.co.uk/intermediaries/ to find details of their nearest Business Developer contact.

Ends

Notes to Editors

2 Year Fixed Rate up to and including 31 August 2015 (Introduced Only)

  • 2.09% available up to 65% LTV (Interest is calculated on a daily basis)
  • 2.34% available from 66% to 75% LTV (Interest is calculated on a daily basis)
  • 2.69% available from 76% to 80% LTV
  • 3.19% available from 81% to 85% LTV (Maximum loan of £500,000 over 80% LTV)
  • No Higher Lending Charge
  • £199 Booking Fee
  • £800 Completion Fee up to £500,000, 1.00% over £500,000
  • 10% capital repayments are allowed each year without penalty
  • Tapered early repayment charges of 3% of the amount redeemed in year 1 and 2% in year 2

Fees Assisted 2 Year Fixed Rate up to and including 31 August 2015 (Introduced Only)

  • 2.45% available up to 65% LTV (Interest is calculated on a daily basis)
  • 2.79% available from 66% to 75% LTV (Interest is calculated on a daily basis)
  • 3.29% available from 76% to 80% LTV
  • 3.99% available from 81% to 85% LTV
  • No Higher Lending Charge
  • £199 Booking Fee
  • No Completion Fe
  • Free standard valuation up to £335
  • Free in-house legal services for standard re-mortgages
  • 10% capital repayments are allowed each year without penalty
  • Tapered early repayment charges of 3% of the amount redeemed in year 1 and 2% in year 2

3 Year Fixed Rate up to and including 31 August 2016 (Introduced Only)

  • 2.45% available up to 65% LTV (Interest is calculated on a daily basis)
  • 2.55% available up to 75% LTV
  • 2.69% available from 76% to 80% LTV
  • 3.39% available from 81% to 85% LTV (Maximum loan of £500,000 over 80% LTV)
  • No Higher Lending Charge
  • £199 Booking Fee
  • £800 Completion Fee up to £500,000, 1.00% over £500,000
  • 10% capital repayments are allowed each year without penalty
  • Tapered early repayment charges of 4% of the amount redeemed in year 1, 3% in year 2 and 2% in year 3

Fees Assisted 3 Year Fixed Rate up to and including 31 August 2016 (Introduced Only)

  • 3.10% available up to 75% LTV
  • 3.69% available from 76% to 80% LTV
  • 4.29% available from 81% to 85% LTV
  • No Higher Lending Charge
  • £199 Booking Fee
  • No Completion Fee
  • Free standard valuation up to £335
  • Free in-house legal services for standard re-mortgages
  • 10% capital repayments are allowed each year without penalty
  • Tapered early repayment charges of 4% of the amount redeemed in year 1, 3% in year 2 and 2% in year 3

5 Year Fixed Rate up to and including 31 August 2018 (Introduced Only)

  • 3.19% available up to 75% LTV (Interest is calculated on a daily basis)
  • 3.39% available from 76% to 80% LTV (Interest is calculated on a daily basis)
  • 3.69% available from 81% to 85% LTV (Maximum loan of £500,000 over 80% LTV)
  • No Higher Lending Charge
  • £199 Booking Fee
  • £800 Completion Fee up to £500,000, 1.00% over £500,000
  • 10% capital repayments are allowed each year without penalty
  • Tapered early repayment charges of 5% of the amount redeemed in years 1 and 2, 4% in year 3, 3% in year 4 and 2% in year 5
  • Maximum loan of £500,000 over 80% LTV

Fees Assisted 5 Year Fixed Rate up to and including 31 August 2018 (Introduced Only)

  • 3.39% available up to 75% LTV
  • 3.74% available from 76% to 80% LTV
  • 4.49% available from 81% to 85% LTV
  • No Higher Lending Charge
  • £199 Booking Fee
  • No Completion Fee
  • Free standard valuation up to £335
  • Free in-house legal services for standard re-mortgages
  • 10% capital repayments are allowed each year without penalty
  • Tapered early repayment charges of 5% of the amount redeemed in years 1 and 2, 4% in year 3, 3% in year 4 and 2% in year 5

Leeds Building Society has assets of £10.3bn (as at 31 December 2012) and 67 branches throughout the UK, Gibraltar and Ireland. The Society has operated from the centre of Leeds since 1886.