Leeds BS launches new fixed-rate mortgages

Posted on Monday, April 10 by Joy Tibbs

Leeds Building Society has added new two and five-year deals to its range of fixed-rate mortgages.

The two-year deals come with a free valuation, a fee of £199 and £750 cashback. One is available at 2.20% up to 80% loan-to-value (LTV), while the other is on offer at 2.40% up to 85% LTV.

The five-year deals include a 2.10% rate up to 80% LTV and at 2.20% up to 85% LTV.

“These latest additions to our range of fixed-rate mortgages are at a medium LTV, so ideal for homeowners who’ve built up more equity in their property and may want to remortgage to a better rate,” said Jaedon Green, Leeds Building Society’s director of product and distribution.

“The fees-assisted two year products have extra incentives which reduce the costs of switching.

“Fixed-rate mortgages remain the preference for most borrowers to give security over their monthly repayments. While two-year fixes remain very popular, a five-year deal is worth considering when rates are so low to lock in to a beneficial rate with that extra security.”

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