Leeds BS unveil no-fee mortgages

Michael Lloyd

January 7, 2020

Leeds Building Society has launched no-fee 2 and 3-year fixed rate deals available up to 75% LTV.

The 2-year fix is priced at 1.79% whilst the 3-year fix is 1.84%.

The products come with a free standard valuation and fees assisted legal services.

The society has also reduced its 5-year fixed rate up to 75% LTV by 0.05% to 1.89%.

Matt Bartle, director of products at Leeds Building Society, said: “Mortgage rates have reduced significantly over recent years so many borrowers coming to the end of their fixed terms will be able to access lower rates.

“Almost 140,000 mortgages will be maturing in April 2020 and these borrowers should be able to reduce their monthly payments significantly by remortgaging to a new deal.

“We know that financial resolutions are popular and many people start the New Year looking to save more money.

“Actively seeking a better mortgage deal on maturity is one way to reduce monthly outgoings and it is important borrowers give themselves enough time to find the best deals.

“We’ve used our experience and expertise to add two and three year deals to our no-fee product range, as well as reducing our existing 5-year fixed rate product, as we continue to meet the needs of borrowers and help more people have the home they want.”

Sign up to our daily email