Fix your mortgage for two or five years with Leeds Building Society
Competitive new two and five year Fixed Rate mortgages are being launched by Leeds Building Society this week.
These deals – including a 1.84% two year fixed rate available up to 65% LTV (loan to value) and a 3.59% five year fixed rate available up to 85% LTV – will be launched on Tuesday, 13th January. The five year deal has no fee and both come with free standard valuation covering properties priced up to £500,000 and fees assisted legal services for standard remortgages.
In addition, a new range of five year fixed rate offset mortgages will be launched on Wednesday, 13th January, including a 2.99% deal available up to 75% LTV.
“As the chances of a Base Rate rise have become less likely, we’ve been seeing greater demand for longer term fixed rate products and our new five year deals are in response to this,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.
“An increasing number of borrowers are taking advantage of the current low interest rate environment to lock into a competitive deal and enjoy the security of fixing their monthly repayments for the longer term.
“While the low interest rate environment continues to make conditions challenging for savers, offset mortgages may be an attractive option for making your cash work harder for you and either bring down your monthly repayments or potentially shave years off the term of your mortgage, which could result in significant savings.”
Notes to Editors
Leeds Building Society has removed the £199 booking fee from across its entire mortgage range for a limited time.
In addition, from the start of this year the Society increased the benefit of the free valuation offered as part of its fees assisted deals from £335 to £560, which will cover properties worth up to £500,000 (previously £200,000).
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 four awards for innovation in the past 12 months, including being 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 scooped the ‘Mortgage Innovation Award’ and was named ‘Most Innovative Personal Finance Provider’ at the Moneynet Personal Finance Awards 2014, and also received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’ for the second consecutive year and receiving the award for ‘Best Use of Technology (Lenders)’.
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.