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.

Welcome mortgages

The Welcome mortgage is a unique proposition available over a 5 year term: for the first three months of the mortgage, your client will pay 0% interest then changing to a fixed rate for 5 years, followed by our SVR for the remaining term of the mortgage. These products are only available for house purchases and must be applied for on a repayment basis. Interest only is not available.

Please see below for full product details.


Welcome 3 Months 0% 5 Year Fixed Rate Mortgages - No Fee

Initial fixed rate first 3 monthsThen changing to a fixed rate, up to and inc. 30/06/2024, of:Then the Society's SVR thereafter (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
RATES CORRECT AS AT 21 march 2019

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £120,000.00 payable over 25 years initially on a fixed rate for 3 months at 0.00% and then a fixed rate for 57 months at 3.06% and then on our current Standard Variable Rate of 5.69% for the remaining 20 years would require 3 monthly payments of £400.00, 57 monthly payments of £570.43 and 240 monthly payments of £714.50.

The total amount payable would be £205,232.54 made up of the loan amount plus interest of £85,197.54 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.6% APRC representative.

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.

These products are only available for house purchases. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • You will still need to pay the capital part of your mortgage during the Welcome period.
  • Tapered Early Repayment Charges apply up to and including 30 June 2024.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Only available for house purchases.
  • These products are not available for Interest Only.


We have developed a set of short, easy-to-use guides to our criteria.

View our criteria guides »

Any questions?

Please contact your nearest Development Manager. Find your nearest Development Manager »