Leeds add cashback deals to fixed rate mortgage range

Michael Lloyd

February 13, 2018

Leeds Building Society has refreshed its fixed rate mortgage range and added deals with no product fee and cashback of up to £1,000.

Highlights include 1.88% at 2-year fixed rate mortgage with £500 cashback available up to 60% loan-to-value, 1.94% 2-year fixed rate mortgage with £500 cashback available up to 75% LTV.

There is also 2.19% 5-year fixed rate mortgage with £1,000 cashback available up to 60% LTV and a 2.24% 5-year fix with £1,000 cashback available up to 75% LTV.

All deals include a free standard valuation and no product fee.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “The majority of borrowers choose fixed rates, which offer certainty over repayments.

“Mark Carney’s hints last week that the Base Rate is likely to increase sooner and more quickly than previously forecast may prompt homeowners to review their existing mortgage.

“While the latest additions to our fixed rate range are available for purchase and remortgage, the fact they come with cashback and no product fee is an extra incentive for remortgagors looking to switch  and fix while rates remain low, while cashback will help reduce the impact of unexpected costs experienced by most home movers.”

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