You are here: Home - News -

Leeds and Principality bolster two-year fixes

  • 18/04/2017
  • 0
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.”

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 @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
two people shaking hands
Key Retirement sold to Partners Group

UK mid-market investment firm Phoenix Equity Partners has sold Key Retirement Group (KRG) to Partners Group for £208m.