Back to June 2018

Reductions of up to 0.60% as Leeds Building Society revamps fixed rate range

Leeds Building Society has cut rates on mortgages across all LTV (loan to value) tiers as it refreshes its two and five year fixed rate deals.

Highlights include:

  • 1.39% two year fixed rate available up to 65% LTV, with free standard valuation and £1,999 fee
  • 1.89% two year fixed rate available up to 65% LTV, with no fee, free standard valuation and fees assisted legal services
  • 2.49% five year fixed rate available up to 80% LTV, with no fee, free standard valuation and £1,000 cashback
  • 4.19% five year fixed rate available up to 95% LTV, with no fee and free standard valuation

“Fixed rate mortgages remain the preferred choice for the majority of borrowers as they offer security of repayments, which makes it easier for people to manage a budget,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.

“A Bank Base Rate rise is looking increasingly likely but current mortgage rates are still at historic lows so fixing now enables borrowers to lock in before any move.

“We’ve improved rates across our mortgage range at all LTV tiers which will benefit borrowers whether they’re first time buyers with a 5% deposit or existing homeowners who’ve built up more equity and want to remortgage to a better deal.”

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.

Leeds Building 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 £18.5bn at 31st December 2017 (£15.9bn at 31st December 2016). The Society’s head office has been based in the centre of Leeds since 1886.

Key Features

1.39% Fixed Rate up to and including 31 August 2020

  • Free standard valuation up to £999
  • £1,999 product fee
  • 10% capital repayments allowed each year during the fixed rate period without penalty
  • Tapered Early Repayment Charges apply up to and including 31 August 2020
  • Maximum loan £1.25m
  • Purchase or remortgage

1.89% Fixed Rate up to and including 31 August 2020

  • Free standard valuation up to £999
  • Fees assisted legal services
  • No product fee
  • 10% capital repayments allowed each year during the fixed rate period without penalty
  • Tapered Early Repayment Charges apply up to and including 31 August 2020
  • Maximum loan £1.25m
  • Purchase or remortgage

2.49% Fixed Rate up to and including 31 August 2023

  • Free standard valuation up to £999
  • £1,000 cashback
  • No product fee
  • 10% capital repayments allowed each year during the fixed rate period without penalty
  • Tapered Early Repayment Charges apply up to and including 31 August 2023
  • Maximum loan £750,000
  • Purchase or remortgage

4.19% Fixed Rate up to and including 31 August 2023

  • Free standard valuation up to £999
  • No product fee
  • 10% capital repayments allowed each year during the fixed rate period without penalty
  • Tapered Early Repayment Charges apply up to and including 31 August 2023
  • Maximum loan £300,000
  • Purchase only