Leeds BS cuts rates by up to 0.75%

Leeds Building Society has today announced new products and rate cuts of up to 0.75% on existing deals.

Related topics:  Mortgages
Rozi Jones
8th January 2015
leeds building society

Highlights of the newly-launched discount mortgages include:

- 1.60% two year discount mortgage, available up to 65% LTV (loan to value), with an £800 fee;
- 2.55% two year discount mortgage, available up to 90% LTV, with an £500 fee;
- 3.55% two year discount mortgage, available up to 95% LTV, with an £500 fee;
- 1.94% two year discount fees assisted mortgage, available up to 65% LTV, with no fee, and free standard valuation up to £560 and fees assisted legal services for standard remortgages.

The Society is also offering two year discount fees assisted mortgage at 3.99%, available up to 95%, with a £500 fee. This also comes with a free standard valuation up to £560 and fees assisted legal services for standard remortgages.

Martin Richardson, Leeds Building Society’s General Manager – Business Development, said:

“While many borrowers are choosing fixed rate deals, the expectation that the Base Rate will stay at its historic low for some while longer might encourage more people to consider a variable rate mortgage.

“These latest deals are extremely competitive, with some market-leading products at higher LTVs, and a choice of fee combinations. In particular, I’d expect the low or no fee options to be attractive to homeowners looking minimise the costs of remortgaging to a better deal to bring down their monthly payments while rates remain low.”

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