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

Brokers warned of AI fraud threat as lender detects suspicious activity

Mortgage brokers have been warned that the growing use of artificial intelligence could expose...

Mortgage brokers warn DIPs are giving borrowers false confidence

Mortgage brokers have warned that decisions in principle (DIPs) are giving some borrowers false...

Bellway backs Your First Home as mortgage costs hit demand

Bellway has backed the government's proposed Your First Home scheme as the housebuilder warned...

SPF eyes broader proposition as it transitions to Howden Private Clients

SPF Private Clients is preparing to broaden its proposition beyond mortgages and protection as...

Higher borrowing costs ‘here to stay’ as gilt yields remain elevated

Long-term UK borrowing costs are likely to remain elevated near 5% even if geopolitical...

Latest publication

Other news

Brokers warned of AI fraud threat as lender detects suspicious activity

Mortgage brokers have been warned that the growing use of artificial intelligence could expose...

Mortgage brokers warn DIPs are giving borrowers false confidence

Mortgage brokers have warned that decisions in principle (DIPs) are giving some borrowers false...

Bellway backs Your First Home as mortgage costs hit demand

Bellway has backed the government's proposed Your First Home scheme as the housebuilder warned...