New discount mortgages launched by Leeds Building Society

Leeds Building Society has improved its range of competitive discount mortgages with market-leading new products and rate cuts of up to 0.75% on existing deals.

Highlights of the newly-launched discount mortgages include:

1.60% two year discount mortgage, available up to 65% LTV (loan to value), with an £800 fee;

Market-leading 2.55% two year discount mortgage, available up to 90% LTV, with an £500 fee;

Market-leading 3.55% two year discount mortgage, available up to 95% LTV, with an £500 fee;

Market-leading 1.94% two year discount fees assisted mortgage, available up to 65% LTV, with no fee, and free standard valuation up to £560 and fees assisted legal services for standard remortgages.

The Society also offers a market-leading two year discount fees assisted mortgage at 3.99%, available up to 95%, with a £500 fee. This also comes with a free standard valuation up to £560 and fees assisted legal services for standard remortgages.

“While many borrowers are choosing fixed rate deals, the expectation that the Base Rate will stay at its historic low for some while longer might encourage more people to consider a variable rate mortgage,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

“These latest deals are extremely competitive, with some market-leading products at higher LTVs, and a choice of fee combinations. In particular, I’d expect the low or no fee options to be attractive to homeowners looking minimise the costs of remortgaging to a better deal to bring down their monthly payments while rates remain low.”