Leeds Building Society has launched a new two year tracker mortgage with a rate of Base Rate +2.49 per cent (currently 2.99 per cent) and a low fee.
Available for loans up to 85 per cent LTV (loan to value), the mortgage has a £199 booking fee and a £400 completion fee.
The new tracker also comes with a range of benefits including a free standard valuation up to £335, and free in-house legal services for standard remortgages.
“The Bank of England Base Rate has been at its historically-low level of 0.5 per cent for exactly five years,” said Martin Richardson, Leeds Building Society’s general manager – business development.
“Borrowers who don’t expect an increase in the near future might want to act now to choose this product, which is the market-leader for two year tracker mortgages available through intermediaries.
“The mortgage also comes with a package of benefits, including a free standard valuation, to reduce upfront costs.
“If they prefer the flexibility of a tracker mortgage, the two year term on this product gives borrowers the opportunity to review their home loan options at the end of this period.”
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