You are here: Home - News -

Leeds BS targets remortgage market with fixed-rate products

by:
  • 27/03/2017
  • 0
Leeds BS targets remortgage market with fixed-rate products
Leeds Building Society has added a pair of two and five-year deals to its range of fixed-rate mortgages.

The two-year mortgages at 80% and 85% loan-to-value (LTV) include £750 cashback, a £199 fee, free valuation and fees-assisted legal services for standard remortgages.

Meanwhile, the five-year fixed products are portable and include tapered early repayment charges.

Leeds Building Society’s director of product and distribution Jaedon Green said the products were aimed at homeowners who had built up more equity in their property and may want to remortgage to a better rate.

“The fees assisted two year products have extra incentives which reduce the costs of switching,” he said.

“Fixed-rate mortgages remain the preference for most borrowers, to give security over their monthly repayments. While two-year fixes remain very popular, a five-year deal is worth considering when rates are so low, to lock in to a beneficial rate with that extra security.”

Last month the mutual announced it had increased lending by 28% in 2016 to £4bn.

 

The two-year products with a £199 fee and £750 cashback are:

2.20% fees assisted two-year fixed rate up to 80% LTV with £750 cashback

2.40% fees assisted two-year fixed rate up to 85% LTV with £750 cashback

The five-year products with a £999 fee and tapered ERCs are:

2.10% five-year fixed rate up to 80% LTV

2.20% five-year fixed rate up to 85% LTV

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.

Profiles

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.

Marketwatch

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.

Poll

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 @OTJournalist: “As the reality of April’s tax changes starts to bite, the proportion of deals available to limited companies has grown d…
  • RT @OTJournalist: "Mortgage industry faces a conundrum. It needs to embrace technology to give consumers more choice & efficiency but fears…
  • RT @MtgSearchGo: Buy-to-let product numbers for limited companies doubled in 12 months - #Mortgage Solutions https://t.co/722e3F6YFi via @m
Read previous post:
/IMG/142/176142/john-coffield.jpg
Paradigm Mortgage Services adds Nottingham for Intermediaries to panel

Paradigm Mortgage Services has added Nottingham for Intermediaries to its lender panel.

Close