You are here: Home - News -

Leeds BS launches two interest-only mortgages

  • 18/11/2014
  • 0
Leeds Building Society has introduced two and five year fixed-rate deals aimed at the interest-only market.

Available up to 50% loan to value (LTV) at rates of 2.49% and 3.19% respectively they come with free standard valuations up to £335. Standard remortgages come with fees assisted legal services with all offers carrying a fee of £199.

The Society is also launching a fee assisted two year discount rate deal up to 50% LTV, at a current rate of 2.30%.

Martin Richardson, Leeds Building Society general manager – business development said: “Our new range of products is designed to support homebuyers and remortgagors looking to borrow on an interest only basis and supports under-served customers in this market, who use ‘Sale of Property’ as their intended repayment vehicle.”

In May this year, David Copland director of LSL mortgage services wrote on Mortgage Solutions that reforms in pensions could have an effect on the mortgage market including a resurgence in interest-only mortgages.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @Official_AMI: We raised an amazing £3,536.40 for @MytonHospices last night so a huge thank you to everyone who donated. This is the hig…
Read previous post:
Virgin Money logo
Virgin reduces mortgage rates as share trading begins

Virgin Money has reduced rates across its mortgage range, available with immediate effect, as unconditional trading in the firms shares...