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Variable Rate mortgages

We have a number of different variable rates depending on the mortgage product, including our Standard Variable Rate (SVR) and Buy to Let Variable Rate (BTL). These apply across our range of mortgage products, and may apply from the start of the mortgage or when you reach the end of a fixed or tracker deal. Don’t forget to check the terms of each mortgage for details.

Please be aware that variable rates may vary in accordance with our mortgage terms and conditions.

You can choose from applying online** or over the phone, and can even use our mortgage calculator and get an Approval in Principle today.

The mortgaged property (which may be your home) may be repossessed if you do not keep up repayments on your mortgage

Standard Variable Rate Mortgages

The Society's SVR applies for the term of the mortgage (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.29%5.4%90%£0 View
Max loan amount £400,000
RATES CORRECT AS AT 11 February 2021

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

Representative Example

A mortgage of £100,000 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 5.29% (variable) would require 300 monthly payments of £600.99.

The total amount payable would be £180,333.42 made up of the loan amount plus interest of £80,298.42 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 5.4% 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.

Key details about this product range

  • 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 (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.

For more detail about specific products, visit the links in the table above.

Buy to Let Variable Mortgages

The Society's BTL Variable Rate applies for the term of the mortgage (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.59%5.7%75%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 18 april 2020

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

Representative Example

A mortgage of £150,000.00 payable over 25 years on our Buy to Let Variable Rate for the mortgage term of 25 years at our current rate of 5.59% (variable) would require 300 monthly payments of £698.75.

The total amount payable would be £359,660.00 made up of the loan amount plus interest of £209,625.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 5.7% 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.

Key details about this product range

  • 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 (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

Mortgage calculator

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Borrowing calculator

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  • Extra help and guidance

    If you want help and support with your application call a Mortgage Assistant

    03450 50 50 62(press option 2)

  • Talk to an expert now

    When you're ready to apply for a mortgage, call to request to speak to a Mortgage Consultant

    03458 48 00 26 (press option 1)

** 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. You will not benefit from the protections offered by an advised service. This is called an execution only transaction. If you would like to receive advice from us please contact us.
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