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.”