Leeds unveils larger loan mortgage range

Nia Williams

October 31, 2013

The mutual will offer 2 and 3 year fixed-rate mortgages up to 80% loan-to-value with a minimum loan of £500,000.

The new range from Leeds includes a 2 year fix at 2.14% up to 75% LTV and at 2.29% between 75.01% and 80% LTV.

The society is also unveiling a 3 year fix at a rate of 2.74% up to 80% LTV. All the new mortgage offers have a flat completion fee of £1,800 for loans between £500,000 and £750,000.

Furthermore, all the new deals have no higher lending charge and allow 10% capital repayments each year without penalty.

Martin Richardson, Leeds Building Society’s general manager – business development, said, “Our new larger loan mortgage range starts from just 2.14% and is available up to 80% LTV.

“It provides a fantastic opportunity for those customers who wish to lock into the certainty of low fixed repayments. This is combined with the flexibility of 10% capital repayments each year at a very affordable rate.

“These new 2 and 3 year fixed rates, targeted to attract larger loans with a flat fee up to £750,000 loan sizes, are available through both direct and intermediary channels.”

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