Leeds expands 0pc range

Sam Cordon

July 30, 2013

The lender garnered a great deal of attention last month when it launched its 3-year and 5-year 0% Welcome Mortgages and has now expanded the range with a 2-year option.

The 2-year Welcome Mortgage offers customers the option of paying 0% for the first 3 months, with the remaining payments at a fixed rate.

Kim Rebecchi, sales and marketing director at Leeds Building Society, said: “We launched our 3 and 5-year Welcome Mortgages earlier this month and the feedback we have received has been very positive.

Our intermediary partners also wanted a 2-year version and this is exactly what we have delivered whilst ensuring that the cost is broadly the same as our standard 2-year fixed.

The lender has also reduced the rates on its 2, 3 and 5 year fixed rate mortgages by up to 0.37%. This also includes the fixed rate terms of its 3 and 5-year welcome mortgages.

Rebecchi said: “I am delighted that we have been able to reduce the cost of our 2, 3 and 5-year Welcome Mortgages and our standard 2, 3 and 5-year fixed rate range by up to 0.37%.

“All these products deliver certainty at an affordable rate and are excellent options for purchasers.”

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