Leeds Building Society has launched several new discount mortgages and cut rates on existing offers.
Following the consumers changing appetite for lower offers as interest rates remain at bottom levels, the society is introducing a range of “extremely competitive” deals.
“While many borrowers are choosing fixed rate deals, the expectation that the Base Rate will stay at its historic low for some while longer might encourage more people to consider a variable rate mortgage,” Martin Richardson, the society’s general manager of business development, says.
Some of Leeds Building Society’s current top offers are:
- 1.60% two year discount mortgage, available up to 65% LTV (loan to value), with an £800 fee
- 2.55% two year discount mortgage, available up to 90% LTV, with an £500 fee
- 3.55% two year discount mortgage, available up to 95% LTV, with an £500 fee
- 1.94% two year discount fees assisted mortgage, available up to 65% LTV, with no fee, and free standard valuation up to £560 and fees assisted legal services for standard remortgages.
- 3.99% two year discount fees assisted mortgage, available up to 95%, with a £500 fee, with a free standard valuation up to £560 and fees assisted legal services for standard remortgages.
Richardson considers the low or no fee offers would be especially appealing to homeowners who want to reduce their monthly remortgaging costs.
