Competitive new short term fixed rate mortgage from Leeds Building Society
Leeds Building Society has launched a new two year fixed rate mortgage at a competitive rate of 1.74%.
The new deal is available up to 65% LTV (loan to value) and comes with the benefit of a free standard valuation up to £560 and fees assisted legal services for standard remortgages.
“Two year fixed rate mortgages remain extremely popular with borrowers as they offer a degree of certainty about their monthly repayments in the short term,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.
“The current low interest rate environment is expected to be with us for perhaps 12 more months at least, which makes fixing your mortgage attractive while deals are so competitive.
“However, uncertainty ahead of the forthcoming General Election - combined with financial and political instability elsewhere, particularly in Europe - may be making borrowers choose shorter-term fixes as they’re less willing to commit too far ahead into the future.”
Notes to Editors
2 Year Fixed Rate mortgage at 1.74% up to and including 30th April 2017:
- Two Year Fixed Rate mortgage at 1.74% up to and including 30th April 2017 available up to 65% LTV
- Free standard valuation up to £560
- Fees assisted legal services for standard remortgages.
- £800 Fee
- 10% penalty free capital repayments are allowed each year
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.