Leeds unveil low tracker mortgage
The product is available for up to 85% loan to value with a £199 booking fee and £400 completion fee.
For loans up to 85% loan to value the mortgage has a £199 booking fee and a £400 completion fee.
Martin Richardson, Leeds Building Society’s general manager of business development, said: “The Bank of England base rate has been at its historically-low level of 0.5% for exactly five years”
“Borrowers who don’t expect an increase in the near future might want to act now to choose this product, which is the market-leader for two year tracker mortgages available through intermediaries.”
“If they prefer the flexibility of a tracker mortgage, the two year term on this product gives borrowers the opportunity to review their home loan options at the end of this period.”
The new tracker comes with a range of benefits including a free standard valuation up to £335 and free in-house legal services for standard remortgages.