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Rates reduced on Leeds Building Society two and five year fixes

Leeds Building Society is cutting rates on its range of two and five year fixed rate mortgages at 75% and 80% LTV (loan to value).

From Thursday, 6th November, the Society will reduce its five year fixed rate mortgages:

  • from 3.09% to 2.89% up to 75% LTV, and
  • from 3.34% to 2.99% up to 80% LTV.

The Society also will offer a competitive fee assisted five year fixed rate mortgage up to 80% LTV, reduced from 3.44% to 3.09%. This comes with a free standard valuation up to £335 and fees assisted legal services for standard remortgages.

Furthermore, Leeds will also lower rates on its two year fixed rate mortgages:

  • from 2.39% to 2.24% up to 75% LTV, and
  • from 2.59% to 2.39% up to 80% LTV.

The Society is also offering a competitive fee assisted two year fixed rate mortgage up to 80% LTV, reduced from 2.69% to 2.44%. This again comes with a free standard valuation up to £335 and fees assisted legal services for standard remortgages.

"We've reviewed our range of competitive two and five year deals to offer borrowers an additional range of benefits including low fees, free valuations and free legal services," said Martin Richardson, Leeds Building Society's General Manager – Business Development.

"We've reduced rates where we've been able to and expect these deals to appeal both to remortgagors, who have more equity in their property, and homebuyers with a larger deposit to put down."

Ends

Notes to Editors

5 Year Fixed Rate mortgage at 2.89% up to and including 31st January 2020:

  • Five Year Fixed Rate mortgage at 2.89% up to and including 31st January 2020 available up to 75% LTV
  • £799 Fee
  • 10% penalty free capital repayments are allowed each year
  • Tapered Early Redemption Charges of 5/5/4/3/2% of the amount redeemed
  • Free standard valuation up to £335

5 Year Fixed Rate mortgage at 2.99% up to and including 31st January 2020:

  • Five Year Fixed Rate mortgage at 2.99% up to and including 31st January 2020 available up to 80% LTV
  • £999 Fee
  • 10% penalty free capital repayments are allowed each year
  • Tapered Early Redemption Charges of 5/5/4/3/2% of the amount redeemed

Fees Assisted 5 Year Fixed Rate mortgage up to and including 31st January 2020:

  • 2.99% available up to 65% LTV
  • 3.04% available up to 75% LTV
  • 3.29% available up to 80% LTV
  • £199 Fee
  • Free standard valuation up to £335
  • Fees assisted in-house legal services for standard re-mortgages
  • 10% penalty free capital repayments are allowed each year
  • Tapered Early Redemption Charges of 5/5/4/3/2% of the amount redeemed

Fees Assisted 5 Year Fixed Rate mortgage up to and including 31st January 2020:

  • Five Year Fixed Rate mortgage at 3.09%, up to and including 31st January 2020 available up to 80% LTV
  • £599 Fee
  • Free standard valuation up to £335
  • Fees assisted in-house legal services for standard re-mortgages
  • 10% penalty free capital repayments are allowed each year
  • Tapered Early Redemption Charges of 5/5/4/3/2% of the amount redeemed

2 Year Fixed Rate mortgage up to and including 31 January 2017:

  • 2.24%, available up to 75% LTV.
  • 2.39%, available up to 80% LTV.
  • £999 Fee.
  • Free standard valuation up to £335.
  • Tapered early repayment charges of 3/2% of the amount redeemed.
  • 10% capital repayments are allowed each year.

Fees Assisted 2 Year Fixed Rate mortgage up to and including 31 January 2017:  

  • 2.39% available up to 75% LTV.
  • 2.44% available up to 80% LTV.
  • £199 Fee. 
  • Free standard valuation up to £335.
  • Fees assisted in-house legal services for standard re-mortgages.
  • Tapered early repayment charges of 3/2% of the amount redeemed.
  • 10% capital repayments are allowed each year.

Fees Assisted 2 Year Discount Buy to Let mortgage

  • Fees Assisted Two Year Discount Buy to Let mortgage at 2.79% available up to 70% LTV
  • Then followed by a further 1.00% discount (4.99% rate) for three years, with no Early Redemption Charges.
  • £199 Booking Fee
  • Free standard valuation up to £335
  • Fees assisted in-house legal services for standard re-mortgages
  • 10% penalty free capital repayments are allowed each year
  • Unlimited capital repayments can be made after year two

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 £12.1bn (as at 30 June 2014). The Society has operated from the centre of Leeds since 1886.