There is a free valuation worth up to £335 and free legal fees for customers looking to remortgage.
The booking fee for this product is £199 and there is no completion fee.
Martyn Smith, head of mortgage products, Legal & General Network said: “This is a fantastic product from Leeds Building Society. Whilst the mortgage rate price war we have seen over the last month or so has mostly been at the 60/70% LTV end of the market, this Legal & General exclusive is not only market leading at 80% but also beats many products at 70% and 75% LTV due to the winning rate and low fee combination.”
Phil Coombes, Leeds Building Society’s head of intermediary sales said: “Many borrowers will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage clients who may be coming to the end of their current deal.”