Back to February 2016

Leeds launches new five year fixes with incentives

Leeds Building Society has launched competitive new fees assisted five year fixed rate mortgages across a range of LTVs (loan to value).

The new deals are:

  • 50% up to 65% LTV;
  • 65% up to 75% LTV;
  • 69% up to 80% LTV; and
  • 94% up to 85% LTV.

Each comes with a low £199 fee and a free valuation, with fees assisted legal services for standard remortgages.

“Longer term fixed rate deals are looking increasingly attractive as the likelihood of a change in the Bank Base Rate has receded again,” said Martin Richardson, Leeds Building Society’s Director of Business Development.

“With mortgage rates at their current low levels we’re seeing a lot of interest from remortgagors, who can benefit from an extremely competitive rate and the security of fixing their monthly repayments before we enter a rising rate environment.

“These products are also available for home purchase – the 80% LTV deal at 2.69% is proving particularly popular with borrowers with a larger deposit.”


Notes to Editors

Leeds Building Society received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2016, the third consecutive year the Society has won this category, as well as the award for ‘Product Innovation (Lenders)’.

The Society also has been named ‘Best Regular Savings Account Provider’ for the second consecutive year by independent consumer advice website Savings Champion.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.7bn (as at 30th June 2015). The Society has operated from the centre of Leeds since 1886.