These products (available through both direct and intermediary channels) all offer free standard valuations up to £335 and free in-house legal services for standard re-mortgages. All the offers have total fees of £999, with a maximum loan size of £500,000.
The interest rate payable depends on product term and the individual’s loan to value, with two year fixes at 2.04% (up to 60% LTV), 2.24% (up to 75%) and 2.49% (up to 80%). Three year fixed rates start from 2.70% (up to 60% LTV) and 2.99% for products up to 80%.
The Society does not levy a ‘higher lending charge’ and customers can make 10% capital repayments each year without penalty.
Kim Rebecchi, Leeds Building Society Sales and Marketing Director said:
“We are delighted to launch these additional products, which are targeted specifically at those looking to remortgage. Rates in the new range start from just 2.04% and are available up to 80% LTV. Both the 2 and 3 year versions are ideal for re-mortgages, as they offer free standard valuations and free in-house legal services for standard re-mortgages, together with total fees of just £999.
“These offers, available through both direct and intermediary channels, provide a fantastic opportunity for those borrowers 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.”
