A new three year fixed-rate mortgage – with a competitive rate of 3.24 per cent and £1,000 cashback – is being launched by Leeds Building Society tomorrow (23 September).
The new deal is available up to 80 per cent loan-to-value (LTV) and comes with benefits include a free standard valuation and fees assisted legal services for remortgages. There is a fee of £199.
Martin Richardson, Leeds Building Society’s general manager of business development, says:
“Many borrowers, particularly those who are remortgaging, are looking to minimise their costs around taking out a new home loan so a competitive rate, paired with a generous £1,000 cashback and the other benefits of this deal, makes an appealing combination.
“The product permits overpayments each year up to 10 per cent of the loan, so the borrower could even start to reduce the amount owing on their mortgage straightaway by paying in their cashback on completion.”
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