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.
Our Tracker Rate mortgages link the interest rate to the Bank of England (BoE) base rate (currently 5.25%). As the name suggests, the mortgage tracks that rate for a fixed amount of time, meaning the interest rate has the potential to go up or down.
| Initial rate variable up to and inc. 28/02/2026, (currently) | Terms | Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2029, (currently) | Then the Society's SVR thereafter, (currently) | Overall cost for comparison (APRC) | Max LTV | Product Fee | |
|---|---|---|---|---|---|---|---|
| 5.48% | BoE base rate + 0.23% | 7.49% | 8.24% | 7.8% | 65% | £999 | View |
| Max loan amount £2,000,000 | |||||||
| 5.55% | BoE base rate + 0.30% | 7.49% | 8.24% | 7.8% | 75% | £999 | View |
| Max loan amount £2,000,000 | |||||||
Representative Example
A mortgage of £180,000.00 payable over 25 years initially on a tracker rate for 2 years at 0.30% above the Bank of England Base rate (currently 5.55%) and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 3 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 24 monthly payments of £1109.59, 36 payments of £1314.37 and 240 monthly payments of £1390.22.
The total amount payable would be £408,634.58 made up of the loan amount plus interest of £227,600.58 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 7.8% APRC representative.
During the fixed term, the interest rate won’t go under 0.50%, even if the Bank of England base rate drops below this. This is sometimes referred to as an interest rate ‘floor’.
This representative example assumes a mortgage completion date on the 1st day of a calendar month.
The above representative example is for illustration purposes only and may vary depending on your personal circumstances.
Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.
We have developed a set of short, easy-to-use guides to our criteria.
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