Leeds Building Society launches two fixed rate ‘Flexit’ mortgages

Jake Carter

December 2, 2020

Leeds Building Society

Leeds Building Society has launched two fixed rate ‘Flexit’ mortgages.

The offerings are available for residential lending up to 75% LTV and include no early repayment charges.

The products are a 2-year fix at 2.29%, and a 5-year fix at 2.55%.

Both deals include a free standard valuation and a £999 product fee.

In addition, fee assisted legals are available on standard remortgage cases.

As part of the product, customers are able to make unlimited overpayments or redeem their mortgage at any time without penalty, whilst their minimum monthly payment will stay the same throughout the fixed rate period.

Matt Bartle, director of products at Leeds Building Society, said: “The anticipated economic uncertainty in 2021 may be a barrier for some people in pursuing homebuying or remortgage plans.

“We’re pleased to relaunch our Flexit products, offering customers the freedom to make lump sum repayments or even pay off their mortgage in full without any early repayment charges, while benefitting from fixed monthly payments.

“Whether purchasing a new home or raising funds against an existing property, we know these products have been welcomed for combining the certainty of mortgage payments for a fixed period with the flexibility to break that period without penalty should the need arise.”

Sign up to our daily email