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Low fee and incentives add to attraction of competitive Leeds fixed rates

The latest competitive fixed rate mortgage deals from Leeds Building Society include attractive incentives such as low fees, free valuations and fees assisted legal services.

The Society has launched new two year fixed rate mortgages – at 2.09% up to 75% LTV (loan to value) and 2.19% up to 80% LTV – and a five year fix at 2.94% up to 80% LTV.

All come with a low £199 fee, free standard valuations for properties up to a value of £500,000 and fees assisted legal services for standard remortgages.

“In addition to a competitive rate, our range includes a choice of fee and incentive combinations so borrowers can have the features which best suit their individual circumstances,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

“On larger loan sizes the product with a larger fee can often work out better value but we know many borrowers, particularly first time buyers or remortgagors, will be keen to minimise the upfront costs of their mortgage so a low-fee deal with incentives is exactly what they are looking for.”

The Society’s range of fixed rate mortgages also includes a five year deal at a market-leading rate of 2.69% with a £1,999 fee.

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.

2 Year Fees Assisted Fixed Rate mortgage at 2.09% up to and including 31st July 2017:

  • Two Year Fixed Rate mortgage at 2.09% up to and including 31st July 2017, available up to 75% LTV
  • Free standard valuation on properties up to a value of £500,000
  • Fees assisted legal services for standard remortgages.
  • Low £199 Fee
  • 10% penalty free capital repayments are allowed each year
  • Tapered Early Repayment Charges of 3/2% up to and including 31st July 2017

2 Year Fees Assisted Fixed Rate mortgage at 2.19% up to and including 31st July 2017:

  • Two Year Fixed Rate mortgage at 2.19% up to and including 31st July 2017, available up to 80% LTV
  • Free standard valuation on properties up to a value of £500,000
  • Fees assisted legal services for standard remortgages.
  • Low £199 Fee
  • 10% penalty free capital repayments are allowed each year
  • Tapered Early Repayment Charges of 3/2% up to and including 31st July 2017

5 Year Fees Assisted Fixed Rate mortgage at 2.94% up to and including 31st July 2020:

  • Five Year Fixed Rate mortgage at 2.94% up to and including 31st July 2020, available up to 80% LTV
  • Free standard valuation on properties up to a value of £500,000
  • Fees assisted legal services for standard remortgages.
  • Low £199 Fee
  • 10% penalty free capital repayments are allowed each year
  • Tapered Early Repayment Charges of 5/5/4/3/2% up to and including 31st July 2020

5 Year Fixed Rate mortgage at 2.69% up to and including 31st July 2020:

  • Five Year Fixed Rate mortgage at 2.94% up to and including 31st July 2020, available up to 80% LTV
  • Free standard valuation on properties up to a value of £500,000
  • Fees assisted legal services for standard remortgages.
  • Low £199 Fee
  • 10% penalty free capital repayments are allowed each year
  • Tapered Early Repayment Charges of 5/5/4/3/2% up to and including 31st July 2020

Help to Buy

Awards won by Leeds Building Society in the past 12 months include being named ‘Innovator of the Year’ at the Moneywise Magazine Mortgage Awards 2014 for our Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term to free up cash to help them settle into their new home.

The Society scooped the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’, both for the second consecutive year, and also received 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 31st December 2014). The Society has operated from the centre of Leeds since 1886.