Short term fixed rate mortgage deals refreshed by LBS
Leeds Building Society has refreshed its range of competitive two and three year fixed rate mortgages.
The Society has:
- launched a new two year fixed rate mortgage at 1.94% up to 65% LTV (loan to value);
- reduced its two year fixed rate deal up to 85% LTV from 2.99% to 2.79%; and
- reduced its three year fixed rate deal up to 75% LTV from 2.69% to 2.39%.
The relaunched three year deal complements the Society's competitive three year products at higher LTVs – at 2.84% up to 80% LTV and 3.19% up to 85% LTV.
All these mortgages come with an arrangement fee of £800 and no booking fee.
“Short term fixed rate mortgages are among our most popular products with borrowers,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.
“The current low interest rate environment means rates are particularly competitive at the moment – these two and three year deals offer borrowers security of repayments in the short term and form part of our choice of fixed term, variable and discount mortgages to suit a range of customers’ needs.”
Notes to Editors
Leeds Building Society has won four awards for innovation this year, including being named ‘Innovator of the Year’ at the Moneywise Magazine Mortgage Awards 2014 for its Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term so they can free up cash to help them settle into their new home.
The Society scooped the ‘Mortgage Innovation Award’ and was named ‘Most Innovative Personal Finance Provider’ at the Moneynet Personal Finance Awards 2014, and also received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’ for the second consecutive year and receiving the award for ‘Best Use of Technology (Lenders)’.
Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 30 June 2014). The Society has operated from the centre of Leeds since 1886.