This is a great discount of 2.05% off the Society’s SVR. The Society is also launching versions of this product with a 1.84% discount up to 75% LTV (currently 3.85%) and with a 0.75% discount up to 80% LTV (currently 4.94%).
This product offers clients the chance to payback unlimited amounts without incurring any early repayment charges as the product requires no lock-ins at any time. Furthermore, there is no higher lending charge and a booking fee of only £199.
Clients are also offered a free standard valuation up to £335 and free in-house legal services for standard re-mortgages.
Phil Coombes, Leeds Building Society’s Head of Intermediary Sales said:
"A mortgage at only 3.64% offers excellent value, particularly when combined with the flexibility of unlimited capital repayments at any time without penalty and no higher lending charge. We have also developed a locked in version of the product, which allows 10% capital repayments each year without penalty.
"It is available at 3.34% up to 60% LTV and 3.55% up to 75% LTV. The booking fee is again only £199 and there is also no higher lending charge."
