The five year deal is available up to 80% LTV (loan to value) and comes with a low £199 fee, free standard valuation on properties worth up to £500,000, and fees assisted legal services for standard remortgages.
Martin Richardson, Leeds Building Society’s General Manager – Business Development: “In addition to the best buy rate, the incentives package makes this deal particularly attractive for borrowers wanting to minimise the cost of taking out a new mortgage or switching from their existing product to a more competitive rate which could bring down their monthly repayments.
With mortgage rates so low right now, more borrowers are prepared to consider a five year fix where previously they might have favoured a shorter term. The low fee package on this five year deal also offers remortgagors the opportunity to lock in to a lower rate than they have at present with minimal charges up-front.”
Borrowers wanting to bring down the cost of their mortgage further have the option to overpay by up to 10% of the outstanding balance each year without penalty.
