Leeds BS launches new fixed term mortgages

Published on

Leeds Building Society has unveiled two new fixed rate mortgages.

The three-year and five-year products are available on up to 90% loan to value agreements.

Both products offer a free standard valuation and a fees assisted legal service for in-house re-mortgages.

Details are as follows:

3yr Fixed Rate (up to and including 31st March 2026)

  • Fixed at a rate of 4.99%
  • Available up to 90% LTV
  • £999 completion fee
  • Free standard valuation
  • Fees assisted legal service for in-house re-mortgages
  • 10% penalty free capital over repayments allowed each year
  • Early Redemption Charges of 3.5% / 2.5% / 1.5% of the amount redeemed

5yr Fixed Rate (up to and including 31st May 2028)

  • Fixed at a rate of 4.79%
  • Available up to 90% LTV
  • No completion fee
  • Free standard valuation
  • Fees assisted legal service for in-house re-mortgages
  • 10% penalty free capital over repayments allowed each year
  • Early Redemption Charges of 5% / 5% / 4% / 3% / 2% of the amount redeemed

Jonathan Thompson, Leeds Building Society’s Senior Mortgage Manager, said: “We know customers are looking for a sense of stability during this period of economic uncertainty and as a result we’ve introduced two new fixed term mortgages.

“Both products offer flexibility for customers with smaller deposits, being available for up to 90% loan to value.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Mortgage Lab launches AI training community for mortgage advisers

A new online community has been launched to help UK mortgage advisers use artificial...

Homeowners put renovations on hold as improvement costs outstrip savings

More than two-thirds of UK homeowners have postponed home improvements because of affordability pressures,...

Target Group appoints former Coutts executive to product role

Target Group has appointed Fiona Peel as product manager, bringing more than 20 years...

CLC warns conveyancers over Land Registry errors and growing probate risks

The Council for Licensed Conveyancers (CLC) has warned that persistent failures in post-completion work...

Virgin Money to increase purchase and remortgage fixed rates

Virgin Money is raising selected residential new business fixed mortgage rates by up to...

Latest publication

Other news

Mortgage Lab launches AI training community for mortgage advisers

A new online community has been launched to help UK mortgage advisers use artificial...

Q&A: Richard Sexton, Westmarq

Following the launch of new brand Westmarq, Mortgage Soup fires the questions at managing...

Homeowners put renovations on hold as improvement costs outstrip savings

More than two-thirds of UK homeowners have postponed home improvements because of affordability pressures,...