Leeds Building Society revamps fixed rate range

Michael Lloyd

June 27, 2018

Leeds Building Society has cut rates on mortgages across all loan-to-value 2 and 5-year fixed rate deals.

Highlights include: a 1.39% 2-year fixed rate available up to 65% LTV, with free standard valuation and £1,999 fee and a 1.89% 2-year fixed rate available up to 65% LTV, with no fee, free standard valuation and fees assisted legal services.

There’s also a 2.49% 5-year fixed rate available up to 80% LTV, with no fee, free standard valuation and £1,000 cashback and a 4.19% 5-year fixed rate available up to 95% LTV, with no fee and free standard valuation.

Dale Jannels, managing director at AToM (All Types of Mortgages) and chief executive at One Mortgage System (OMS), said: “In an increasingly tough market any help to clients in transferring their mortgage from one lender to the next with minimal fees or free legal packages, or purchasing with reduced rates and no lender completion fees, has to be good news for the end consumer.”

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “Fixed rate mortgages remain the preferred choice for the majority of borrowers as they offer security of repayments, which makes it easier for people to manage a budget.

“A bank base rate rise is looking increasingly likely but current mortgage rates are still at historic lows so fixing now enables borrowers to lock in before any move.

“We’ve improved rates across our mortgage range at all LTV tiers which will benefit borrowers whether they’re first time buyers with a 5% deposit or existing homeowners who’ve built up more equity and want to remortgage to a better deal.”

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