Furthermore, the offers have no higher lending charge and allow 10% capital repayments each year without penalty.
The mutual’s 2 year fixed rate deal available between 75.01% and 80% LTV has been cut by 0.31% to just 2.34%, with the version available between 80.01% and 85% LTV reduced from 3.25% to 2.99%.
The Society has also announced reductions of up to 0.30% on its 5 year fixed rate deals, to new rates of 3.39% available up to 75% LTV, and to 3.49% between 75.01% and 80% LTV. Leeds also has a market leading 5 year rate of 3.79% for those clients with just a 15% deposit available. These versions all deliver exactly the same flexibility as the 2 year fixed rates.
To help compliment these new 2 and 5-year fixed rate offers, the Society has also lowered the rates on its ‘fees assisted’ mortgages over the same periods by up to 0.30%, including a market leading 5 year deal at 3.99% up to 85% LTV. These products are ideal for re-mortgages, offering free standard valuations worth up to £335 and free in-house legal services for standard re-mortgages, together with reduced fees.
Phil Coombes, Leeds Building Society’s Head of Intermediary Sales said:
“Our new mortgage range, which includes a market leading 5 year deal, offers a fantastic opportunity for those clients 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. We have also launched a market leading fees assisted 5 year fixed rate, which is suitable for those clients who may require help with up front costs.”
