Leeds BS launches new fixed term mortgages

Leeds Building Society has unveiled two new fixed rate mortgages.

The three-year and five-year products are available on up to 90% loan to value agreements.

Both products offer a free standard valuation and a fees assisted legal service for in-house re-mortgages.

Details are as follows:

3yr Fixed Rate (up to and including 31^st March 2026)

• Fixed at a rate of 4.99%
• Available up to 90% LTV
• £999 completion fee
• Free standard valuation
• Fees assisted legal service for in-house re-mortgages
• 10% penalty free capital over repayments allowed each year
• Early Redemption Charges of 3.5% / 2.5% / 1.5% of the amount redeemed

5yr Fixed Rate (up to and including 31^st May 2028)

• Fixed at a rate of 4.79%
• Available up to 90% LTV
• No completion fee
• Free standard valuation
• Fees assisted legal service for in-house re-mortgages
• 10% penalty free capital over repayments allowed each year
• Early Redemption Charges of 5% / 5% / 4% / 3% / 2% of the amount redeemed

Jonathan Thompson, Leeds Building Society’s Senior Mortgage Manager, said: “We know customers are looking for a sense of stability during this period of economic uncertainty and as a result we’ve introduced two new fixed term mortgages.

“Both products offer flexibility for customers with smaller deposits, being available for up to 90% loan to value.”