The Leeds Building Society has launched new fixed rate mortgages today.
The Society’s two year fixed rate product, at 1.63% with a £999 fee, available up to 80% LTV (loan to value) and its five year fixed rate product, at 3.02%, available up to 90% LTV and with no fee, both make today’s Moneyfacts Best Buy list.
They come with a free standard valuation, and with fees assisted legal services for standard remortgages.
“We’re always seeking new ways to help more borrowers, so it’s great to see two of our products included in Moneyfacts Best Buy list,” said Matt Bartle, director of products at the Leeds Building Society.
“It’s our purpose to help people save and have the home they want and we’re constantly refining and enhancing our mortgage products and criteria.
“We’ve seen growing demand for remortgage deals and we expect this to continue as borrowers coming to the end of their current product look to get a better deal.”
Rachel Springall, spokesperson at Moneyfacts.co.uk, added: “It’s fantastic to see these new deals launched by Leeds Building Society which offer not only an attractive rate in their sector but also a competitive package.
“Borrowers with a 10% deposit or equity searching for a longer-term fixed deal will find the five-year fixed option priced at 3.02% attractive, as it has no product fee and carries a cost-saving incentive package. Those comparing two-year fixed rate deals based on a 20% deposit or equity, will find the deal priced at 1.63% is one of the lowest rates available in its sector.
“Furthermore, this product carries an incentive package and charges a competitive product fee, which can be added to the advance of the mortgage, which is great for those looking to minimise the upfront cost of their deal. The deals are highly deserving of entering our Moneyfacts ‘Best Buys’.”