The changes come into force on Wednesday, 31st December as the Society relaunches its full mortgage range with rate reductions of up to 0.49% and new fixed rate and tracker residential products, as well as refreshing its Buy to Let offering with new products and some rate cuts.
In addition, the free valuation offered as part of its fees assisted deals is being increased from £335 to £560, which will cover properties worth up to £500,000 (previously £200,000).
Highlights include:
- Three year fixed rate mortgage cut to 2.39% from 2.69%, up to 75% LTV with an £800 fee;
- Three year fixed rate fees assisted mortgage cut to 2.49% from 2.64%, up to 65% LTV with no fee and free standard valuation up to £560 and fees assisted legal services for standard remortgages;
- New five year fixed rate mortgage at 2.64%, up to 65% LTV with an £800 fee;
- Two year BRT mortgage cut to 2.20% from 2.69%, up to 85% LTV with an £800 fee;
- Two year BRT fees assisted mortgage cut to 2.55% from 2.99%, up to 85% LTV with no fee and free standard valuation up to £560 and fees assisted legal services for standard remortgages;
- New two year BRT at 2.25%, up to 80% LTV with no fee and 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:
“Our award-winning Welcome Mortgage is among the deals we’ve refreshed for the start of 2015, with reductions of up to 0.48% on already competitive rates, with the choice for borrowers to pay 0% for either three or six months at the start of their mortgage.
“As part of the changes we’re making to start 2015, we’ve also reviewed our Buy to Let deals, with new products, rate cuts and different fee combinations with free valuations and fees assisted legal services to offer borrowers as much choice as possible in the package which best suits their needs.”
