Back to February 2018

New fee-free deals with cashback added to Leeds fixed rate mortgage range

In response to intermediary feedback Leeds Building Society has refreshed its fixed rate mortgage range and added new deals with no product fee and cashback of up to £1,000.

Highlights include:

  • 88% two year fixed rate mortgage with £500 cashback available up to 60% LTV (loan to value)
  • 94% two year fixed rate mortgage with £500 cashback available up to 75% LTV
  • 19% five year fixed rate mortgage with £1,000 cashback available up to 60% LTV
  • 24% five year fixed rate mortgage with £1,000 cashback available up to 75% LTV

All deals include a free standard valuation and no product fee.

“The majority of borrowers choose fixed rates, which offer certainty over repayments,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.

“Mark Carney’s hints last week that the Base Rate is likely to increase sooner and more quickly than previously forecast may prompt homeowners to review their existing mortgage.

“While the latest additions to our fixed rate range are available for purchase and remortgage, the fact they come with cashback and no product fee is an extra incentive for remortgagors looking to switch  and fix while rates remain low, while cashback will help reduce the impact of unexpected costs experienced by most home movers.”

Ends

Notes to Editors

Fee saver cashback two year fixed rate mortgage at 1.88% up to and including 31st March 2020:

  • 88% fixed up to and including 31st March 2020
  • Available up to 60% LTV
  • £500 cashback on completion
  • No product fee
  • Free standard valuation up to £999
  • Initial fixed period followed by a 1% SVR discount until 31st March 2023
  • Tapered early repayment charges (3%/2%)
  • Available for purchase or remortgage
  • Up to 10% capital overpayment allowed penalty-free each year
  • Minimum loan £80,000, maximum loan £500,000

Fee saver cashback two year fixed rate mortgage at 1.94% up to and including 31st March 2020:

  • 94% fixed up to and including 31st March 2020
  • Available up to 75% LTV
  • £500 cashback on completion
  • No product fee
  • Free standard valuation up to £999
  • Initial fixed period followed by a 1% SVR discount until 31st March 2023
  • Tapered early repayment charges (3%/2%)
  • Available for purchase or remortgage
  • Up to 10% capital overpayment allowed penalty-free each year
  • Minimum loan £80,000, maximum loan £500,000

Fee saver cashback five year fixed rate mortgage at 2.19% up to and including 31st March 2023:

  • 19% fixed up to and including 31st March 2023
  • Available up to 60% LTV
  • £1,000 cashback on completion
  • No product fee
  • Free standard valuation up to £999
  • Tapered early repayment charges (5/5/4/3/2%)
  • Available for purchase or remortgage
  • Up to 10% capital overpayment allowed penalty-free each year
  • Minimum loan £80,000, maximum loan £500,000

Fee saver cashback five year fixed rate mortgage at 2.24% up to and including 31st March 2023:

  • 24% fixed up to and including 31st March 2023
  • Available up to 75% LTV
  • £1,000 cashback on completion
  • No product fee
  • Free standard valuation up to £999
  • Tapered early repayment charges (5/5/4/3/2%)
  • Available for purchase or remortgage
  • Up to 10% capital overpayment allowed penalty-free each year
  • Minimum loan £80,000, maximum loan £500,000

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 was named Best Building Society Savings Provider in the Moneyfacts Awards for 2017, having also won this title in 2016. 

The Society won the title of Best Shared Ownership Mortgage Lender in the 2017 What Mortgage Awards, its second consecutive year of success in this category.

Leeds Building Society operates throughout the UK, Gibraltar and Ireland and has assets of £17.3bn at 30th June 2017 (£14.9bn at 30th June 2016). The Society’s head office has been based in the centre of Leeds since 1886.