Flexit 5 Year Fixed Rate Mortgage
RATES CORRECT AS AT 23 Feb 2021
Initial rate
2.19%
Fixed up to and inc. 31/05/2026
Then changing to the Society's SVR, (currently)
5.29%
For the remaining term of the mortgage
The overall cost for comparison is
4.3%
APRC
Maximum loan to value
75%
FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.
The mortgaged property (which may be your home) may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 5 years at 2.19% and then on our current Standard Variable Rate of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £779.18 and 240 monthly payments of £1,022.52.
The total amount payable would be £293,190.37 made up of the loan amount plus interest of £112,156.37 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 4.3% 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.
Additional features
- Interest calculated daily.
- Maximum loan £1,000,000.
- Fees assisted legal services for standard re-mortgages.
- Free standard valuation up to £999 .
- This product is not available to interest only applications.
- Unlimited capital repayments are allowed.
- No Early Repayment Charges apply.
**If you apply for a mortgage online you will not receive advice from Leeds Building Society. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances. If you would like to receive further guidance please contact us.
Fees
Application Fee (payable on application - non-refundable)
£0
Product Fee (payable on application - this is refundable should the mortgage not complete)
£999
Mortgage Exit Fee
£199
