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Leeds and Principality bolster two-year fixes

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  • 18/04/2017
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Leeds and Principality bolster two-year fixes
Leeds BS is introducing two fixed-rate cashback deals while the Principality BS has cut rates for a pair of two-year fixes.

The Leeds products offering £750 cashback both have a £199 fee, free valuation and fees assisted legal services for standard remortgages. They are:

  • 2.05% up to 65% LTV (loan to value);
  • 2.15% up to 75% LTV.

Leeds Building Society’s director of product and distribution Jaedon Green said: “We try to offer a range of fee and incentive combinations across our mortgage range and we know cashback deals can give borrowers a little extra flexibility at a time when this is most useful.

“In addition, the incentives help to minimise costs, for remortgages in particular, so may appeal to existing homeowners who’ve built up more equity and want to switch to a better deal which could bring down their monthly repayments.”

 

Rate cuts

Principality Building Society has cut rates on two two-year fixed rate residential mortgages at 80% and 85% LTV by up to 0.10%.

Rates are now 1.75% and 1.9% for the 80% and 85% LTV respectively.

The products offer no fees and free standard valuations, up to £350,000 loan and include early repayment charges of between 1.5%-2%.

Principality’s head of regulatory sales Shaun Middleton said: “We want to provide our intermediaries with opportunities to engage with their clients to talk about their mortgage requirements. This is why we’ve reduced the rates across these higher loan-to-value fixed rate products.”

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