Leeds Building Society has refreshed its mortgage product range, introducing new fixed rate and tracker products.
The product changes includes a new 2-year fixed rate (up to and including 31st March 2025), available up to 65% LTV, with an initial fixed rate of 4.74%.
This includes a £999 completion fee, free standard valuation and fees assisted in-house legal service for remortgages.
Matt Bartle, director of products at Leeds Building Society, said: “Money market rates have continued to soften over the past few weeks which is good news for hard pressed borrowers.
“We continue to see a strong demand from Brokers and homeowners alike for competitively priced, shorter-term fixed rate and tracker products.
“By introducing these new products, we are giving homeowners competitively priced deals coupled with added flexibility should the general interest rate environment start to reduce.”
The Society has also introduced another 2-year fixed rate, available up to 90% LTV, with an initial fixed rate of 5.29%, followed by a 0.75% discount from SVR (currently 6.49%).
A 5-year fixed (up to and including 31st March 2028) was also introduced, and will be available up to 65% LTV, with an initial fixed rate of 4.39%, then SVR (currently 6.49%).
As for the new tacker products, Leeds has launched a new 2-year Bank of England (BoE) Tracker + 0.60%, available up to 65% LTV, with an initial rate of 4.10% (BoE +0.60%) up to and including 31st March 2025.
This initial rate will be followed by a 0.75% discount from SVR (currently 6.49%) up to and including 31st March 2028, then SVR, with a £999 completion fee and free standard valuation.
These new fixed rate and tracker products and more will be available from today, Tuesday the 3rd of January, and can be found on Leeds’ website.
