Mortgages

Leeds launches new fee-free deals with £1,000 cashback

Leeds Building Society has added new fee-free deals with up to £1,000 cashback to its fixed rate mortgage range.

Rozi Jones
|
13th February 2018
Leeds Building Society
"Mark Carney’s hints last week that the Base Rate is likely to increase sooner and more quickly than previously forecast may prompt homeowners to review their existing mortgage."

Leeds Building Society has added new fee-free deals with up to £1,000 cashback to its fixed rate mortgage range.

New two-year fixed rates are available from 1.88% at 60% LTV and 1.94% at 75% LTV, both with £500 cashback.

Five-year products start from 2.19% at 60% LTV and 2.24% at 75% LTV, with with £1,000 cashback.

Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said: “The majority of borrowers choose fixed rates, which offer certainty over repayments. Mark Carney’s hints last week that the Base Rate is likely to increase sooner and more quickly than previously forecast may prompt homeowners to review their existing mortgage.

“While the latest additions to our fixed rate range are available for purchase and remortgage, the fact they come with cashback and no product fee is an extra incentive for remortgagors looking to switch and fix while rates remain low, while cashback will help reduce the impact of unexpected costs experienced by most home movers.”

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