Please note:

Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

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Leeds resumes 85% LTV lending and reduces fixed rates in mortgage range refresh

Leeds Building Society has resumed lending at 85% LTV (loan to value) as part of a refresh of its mortgage range, as well as reducing the rates of two year fixed deals.

Highlights include these deals with no product fee:

  • 1.56% available up to 65% LTV;
  • 1.65% available up to 75% LTV
  • 1.79% available up to 80% LTV; and
  • 2.10% available up to 85% LTV

All come with a free standard valuation and are available for home purchase or remortgage. Applicants choosing any of these products for remortgage also receive fees assisted legal services.

“Our purpose as a building society is to help people save and have the home they want, so we remain focused on meeting the needs of different kinds of borrowers, at different LTVs,”said Matt Bartle, Director of Products at Leeds Building Society.

“The majority of our borrowers choose fixed term mortgages and the certainty of payment these offer may be particularly welcome when so much else is currently uncertain.

“Despite the industry disruption the lockdown has caused, we’re continuing to work with our valuers and intermediary partners to progress and complete mortgage applications.

“We’ve also been busy helping members who requested mortgage payment holidays and other support after their financial circumstances were affected by the pandemic.

“Many aspects of everyday life are limited or take longer at present but we’re doing our best to maintain our high levels of service for borrowers and brokers throughout these unprecedented times.”

Ends

Notes to editors

Key features

1.56% Two Year Fixed Rate up to 65% LTV

  • Fixed at 1.56% up to and including 30 June 2022
  • Available up to 65% LTV
  • No product fee
  • Free standard valuation
  • Available for purchase of remortgage
  • Fees assisted legal services for remortgages

1.65% Two Year Fixed Rate up to 75% LTV

  • Fixed at 1.65% up to and including 30 June 2022
  • Available up to 75% LTV
  • No product fee
  • Free standard valuation
  • Available for purchase of remortgage
  • Fees assisted legal services for remortgages

1.79% Two Year Fixed Rate up to 80% LTV

  • Fixed at 1.79% up to and including 30 June 2022
  • Available up to 80% LTV
  • No product fee
  • Free standard valuation
  • Available for purchase of remortgage
  • Fees assisted legal services for remortgages

2.10% Two Year Fixed Rate up to 85% LTV

  • Fixed at 2.10% up to and including 30 June 2022
  • Available up to 85% LTV
  • No product fee
  • Free standard valuation
  • Available for purchase of remortgage
  • Fees assisted legal services for remortgages

Leeds Building Society won the title of Best Shared Ownership Mortgage Lender in the 2019 What Mortgage Awards, its fourth consecutive year of success in this category. It also was named Best Lender for Later Life Lending in the Legal & General Mortgage Club Awards 2019.

The Society operates throughout the UK and had assets of £20.8bn at 31 December 2019 (£19.4bn at 31 December 2018). The UK’s fifth-largest building society has its head office in the centre of Leeds, where it has been based since 1886.