Leeds unveils fee-free remortgages

Products are 2-year fixes at 1.55% to 65% loan-to-value and 1.60% to 75% LTV, while its 5-year fix stands at 2.19% to 75% LTV.

Leeds unveils fee-free remortgages

Leeds Building Society has unveiled a fee-free range of remortgages.

Products are 2-year fixes at 1.55% to 65% loan-to-value and 1.60% to 75% LTV, while its 5-year fix stands at 2.19% to 75% LTV.

The products come with a free valuation and fees assisted legals as well as no product fee.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “Demand for remortgages remained strong during 2016 and continued to grow as a proportion of the mortgage market throughout last year.

“We expect that trend will continue as homeowners look to take advantage of the historic low interest rate. These latest remortgage-only deals we’ve launched have no fees, which is an added incentive to switch to a better deal.

“Even if your current mortgage has early repayment charges, it’s worth looking at whether remortgaging to a lower rate could save you money overall by bringing down your monthly repayments, and even help you to pay off your mortgage sooner.”