The Leeds Building Society has removed the £199 booking fee from across its entire mortgage range for a limited time.
Meanwhile, the benefit of the free valuation offered as part of its fees assisted deals is being increased from £335 to £560, which will cover properties worth up to £500,000 (previously £200,000).
The mutual has also relaunchef its full mortgage range with rate reductions of up to 0.49 percentage points and new fixed rate and tracker residential products, as well as refreshing its buy-to-let offering with new products and some rate cuts.
Highlights include:
- Three year fixed rate mortgage cut to 2.39% from 2.69%, up to 75% LTV with an £800 fee;
- Three year fixed rate fees assisted mortgage cut to 2.49% from 2.64%, up to 65% LTV with no fee and free standard valuation up to £560 and fees assisted legal services for standard remortgages;
- New five year fixed rate mortgage at 2.64%, up to 65% LTV with an £800 fee;
- Two year buy-to-let mortgage cut to 2.20% from 2.69%, up to 85% LTV with an £800 fee;
- Two year buy-to-let fees assisted mortgage cut to 2.55% from 2.99%, up to 85% LTV with no fee and free standard valuation up to £560 and fees assisted legal services for standard remortgages;
- New two year buy-to-let at 2.25%, up to 80% LTV with no fee and free standard valuation up to £560 and fees assisted legal services for standard remortgages.
“Our award-winning Welcome Mortgage is among the deals we’ve refreshed for the start of 2015, with reductions of up to 0.48% on already competitive rates, with the choice for borrowers to pay 0% for either three or six months at the start of their mortgage,” said Martin Richardson, Leeds Building Society’s general manager – business development.
“As part of the changes we’re making to start 2015, we’ve also reviewed our buy-to-let deals, with new products, rate cuts and different fee combinations with free valuations and fees assisted legal services to offer borrowers as much choice as possible in the package which best suits their needs.”