Back to March 2020

Historic low rates as Leeds launches new 10 year mortgages

Leeds Building Society has set its lowest-ever rates on a new range of 10 year fixed rate mortgages for both the residential and Buy To Let markets.

A new 10 year fixed rate mortgage for residential applications is being launched with a rate of 2.08%, available up to 65% loan to value (LTV).

Meanwhile, two new 10 year fixed rate products for Buy To Let applications will also be available at rates of 2.44% and 3.19%, up to 60% LTV and 70% LTV, respectively.

The new products – which come with a free standard valuation – mean that Leeds Building Society is now offering the lowest rates in the market on 10 year fixed rate mortgages[1].

Matt Bartle, Leeds Building Society’s Director of Products, said: “In these uncertain times, our new 10 year fixed rate products will provide reassurance for those looking for a bit of longer-term security.

“As a well-established building society with a robust and varied range of products, we’re very well placed to offer historic low rates on these residential and Buy To Let mortgages.

“While we recognise that not all borrowers will be looking to fix for such a long time, those who are can benefit from the payment security and consistency offered by a 10 year deal.

“These new products and low rates are examples of Leeds Building Society offering greater choice to borrowers to help them find products that suit their individual needs.”

All three new products will be available from Friday 13 March 2020.

 

Ends

Notes to Editors

Leeds Building Society operates throughout the UK and had assets of £20.8bn at 31 December 2019 (£19.4bn at 31 December 2018). The Society is a Best Companies 2* employer and its head office is in the centre of Leeds, where it has been based since 1886.

The Society won the title of Best Shared Ownership Mortgage Lender in the 2019 What Mortgage Awards, its fourth consecutive year of success in this category. It also received a Gold Ribbon from Fairer Finance for savings accounts for the second year running, based on customer happiness and trust, along with the ability to explain things clearly.

Key features

Residential – Legal Assisted 10 Year Fixed Rate

  • Fixed at 2.08% up to and including 31 July 2030
  • Available up to 65% LTV
  • £999 Product Fee
  • Free standard valuation
  • Fees assisted in-house legal service

Buy To Let – Legal Assisted 10 Year Fixed Rate

  • Fixed at 2.44% up to and including 30 June 2030
  • Available up to 60% LTV
  • £999 Product Fee
  • Free standard valuation
  • Fees assisted in-house legal service

Buy To Let – Legal Assisted 10 Year Fixed Rate

  • Fixed at 3.19% up to and including 30 June 2030
  • Available up to 70% LTV
  • £999 Product Fee
  • Free standard valuation
  • Fees assisted in-house legal service

Portfolio Buy To Let – Legal Assisted 10 Year Fixed Rate

  • Fixed at 2.54% up to and including 30 June 2030
  • Available up to 60% LTV
  • £999 Product Fee
  • Free standard valuation
  • Fees assisted in-house legal service

Portfolio Buy To Let – Legal Assisted 10 Year Fixed Rate

  • Fixed at 3.29% up to and including 30 June 2030
  • Available up to 70% LTV
  • £999 Product Fee
  • Free standard valuation
  • Fees assisted in-house legal service

 

[1] Correct at 10 March 2020