Leeds cuts fixed rate range by up to 0.31pc

Nia Williams

October 30, 2013

Furthermore the offers have no higher lending charge and allow 10% capital repayments each year without penalty.

The mutual’s two-year fixed-rate deal, available between 75.01% and 80% LTV, has been cut by 0.31% to 2.34% with the version available between 80.01% and 85% LTV reduced from 3.25% to 2.99%.

The society has also announced reductions of up to 0.30% on its five-year fixed-rate deals to new rates of 3.39% available up to 75% LTV and to 3.49% between 75.01% and 80% LTV.

Leeds also has a five-year rate of 3.79% for those clients with just a 15% deposit available. These versions all deliver exactly the same flexibility as the 2 year fixed rates.

To help compliment these new two and five-year fixed-rate offers, the society has also lowered the rates on its ‘fees assisted’ mortgages over the same periods by up to 0.30%, including a five-year deal at 3.99% up to 85% LTV. These products are ideal for remortgages, offering free standard valuations worth up to £335 and free in-house legal services for standard remortgages, together with reduced fees.

Phil Coombes, Leeds Building Society’s head of intermediary sales said, “Our new mortgage range offers a fantastic opportunity for those clients who wish to lock into the certainty of low fixed repayments. We have also launched a fees-assisted five-year fixed rate, which is suitable for those clients who may require help with upfront costs.”

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