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Leeds Building Society launches competitive new two year tracker mortgage

Leeds Building Society has launched a new two year Base Rate tracker mortgage with a competitive rate of 1.99%.

The mortgage is available up to 75% LTV (loan to value) and comes with additional benefits including a free standard valuation up to £335 and free in-house legal services for remortgages. It has a £1,499 fee.

"In the current historic low interest environment trackers can offer borrowers an attractive deal and our latest two year Base Rate tracker has an extremely competitive rate of 1.99%," said Martin Richardson, Leeds Building Society's General Manager – Business Development.

"We anticipate this mortgage will appeal to borrowers who expect the Base Rate to stay at its historic low for some time longer, or to move very slowly should it start to rise in the immediate future."

Ends

Notes to Editors

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

Leeds Building Society has won three awards for innovation so far this year, having been named 'Innovator of the Year' at the Moneywise Magazine Mortgage Awards 2014 for its Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term so they can free up cash to help them settle into their new home.

The Society also scooped the 'Mortgage Innovation Award' and was named 'Most Innovative Personal Finance Provider' at the Moneynet Personal Finance Awards 2014.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £11.2bn (as at 31 December 2013). The Society has operated from the centre of Leeds since 1886.