Best buy five year fix from Leeds Building Society
Leeds Building Society has launched a best buy five year fixed rate mortgage with £1,000 cashback.
The new deal has a market-leading rate of 1.99%, fixed to 28th February 2022, and is available up to 65% LTV (Loan to Value).
“The market-leading rate on this five year deal is made even more attractive by the £1,000 cashback,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.
“Across our range we offer a choice of fee and incentive packages and cashback deals are proving very popular at the moment.
“Fixed rate mortgages remain the choice of the majority of borrowers but, as recent political upheaval continues to be reflected in ongoing economic uncertainty, more may seek the security of a longer-term deal.
“Last month we launched a flexible 10 year fixed rate mortgage at 2.75% with no ERCs (Early Redemption Charges) after five years, which offers even longer-term stability.
“This gives the security of a 10 year fix but the option to redeem without penalty after five years to remortgage or pay off the loan.”
All Society fixed rate mortgages are portable, subject to the borrower meeting affordability requirements at the time of porting.
Notes to Editors
5 Year Fixed Rate mortgage at 1.99% up to and including 28th February 2022:
- 5 Year Fixed Rate mortgage at 99% up to and including 28th February 2022
- Available up to 65% LTV
- £1,000 cashback
- Free valuation
- Tapered ERCs (5/5/4/3/2%)
- £1,499 completion fee
10 Year Flexible Fixed Rate mortgage at 2.75% up to and including 31st January 2027:
- 10 Year Flexible Fixed Rate mortgage at 75% up to and including 31st January 2027
- Available up to 65% LTV
- No ERCs after five years
- Tapered ERCs (5/5/4/3/2%) for first five years
- £999 completion fee
To discuss a new case with one of our mortgage development team, mortgage introducers should go to www.leedsintroducer.co.uk to find details of their nearest Business Development contact.
Leeds Building Society won the awards for Best Building Society Savings Provider and Innovation in Personal Finance (Part and part mortgages) at the 2016 Moneyfacts Awards.
The Society received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2016, the third consecutive year it has won this category, as well as the award for ‘Product Innovation (Lenders)’.
The Society also has been named ‘Best Regular Savings Account Provider’ for the second consecutive year by independent consumer advice website Savings Champion.
Leeds Building Society has 65 branches throughout the UK, Gibraltar and Ireland and assets of £14.9bn (at 30th June 2016). The Society has operated from the centre of Leeds since 1886.