Back to July 2016

Leeds two-year fix rated “outstanding”

Leeds Building Society’s latest two-year fixed rate mortgage has been rated “outstanding”.

Moneyfacts.co.uk has given the deal – with a best buy rate of 1.80% - its highest rating as the mortgage went into its best buy tables.

The mortgage is available up to 75% LTV (loan to value) and comes with a fee of just £199. This deal also offers a free valuation (max £999) as well as help towards costs for those wishing to remortgage.

The Society has also made recent improvements to its three and five year fixed rate mortgage range. It now has best buy three-year fixed rates at 1.95% and 2.09% up to 80% and 85% LTV respectively. Leeds also offers a best buy five-year fix at 2.55% up to 85% LTV.

“In addition to best buy rates, our two, three and five year fixes include a choice of fee and incentive combinations so borrowers can have the features which best suit their individual circumstances,” said Jaedon Green, Leeds Building Society’s Director of Product & Distribution

“All the products permit overpayments, providing certain conditions are met, offering some welcome flexibility.”

Ends

Notes to Editors

2 Year Fee Assisted Fixed Rate mortgage at 1.80% up to and including 30th September 2018:

  • 2 Year Fixed Rate mortgage at 1.80% up to and including 30th September 2018 available up to 75% LTV
  • This product is portable
  • Tapered early repayment charges – 3/2%
  • £199 Fee
  • 10% penalty free capital repayments are allowed each year
  • Free standard valuation up to £999
  • Free in-house legal service for re-mortgages
  • Product available for purchase and remortgage

3 Year Fee Assisted Fixed Rate mortgage at 1.95% up to and including 30th September 2019:

  • 3 Year Fixed Rate mortgage at 1.95% up to and including 30th September 2019 available up to 80% LTV
  • This product is portable
  • Tapered early repayment charges – 4/3/2%
  • £999 Fee
  • 10% penalty free capital repayments are allowed each year
  • Product available for purchase and remortgage

3 Year Fee Assisted Fixed Rate mortgage at 2.09% up to and including 30th September 2019:

  • 3 Year Fixed Rate mortgage at 2.09% up to and including 30th September 2019 available up to 85% LTV
  • This product is portable
  • Tapered early repayment charges – 4/3/2%
  • £999 Fee
  • 10% penalty free capital repayments are allowed each year
  • Product available for purchase and remortgage

5 Year Fee Assisted Fixed Rate mortgage at 2.55% up to and including 30th September 2021:

  • 5 Year Fixed Rate mortgage at 2.55% up to and including 30th September 2021 available up to 85% LTV
  • This product is portable
  • Tapered early repayment charges – 5/5/4/3/2%
  • £999 Fee
  • 10% penalty free capital repayments are allowed each year
  • Product available for purchase and remortgage

 

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 Development contact. 

Leeds Building Society won the awards for Best Building Society Savings Provider and Innovation in Personal Finance (Part and part mortgages) at the 2016 Moneyfacts Awards.

The Society received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2016, the third consecutive year it 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 65 branches throughout the UK, Gibraltar and Ireland and assets of £13.5bn (at 31st December 2015). The Society has operated from the centre of Leeds since 1886.