You are here: Home - Mortgages - First Time Buyer - News -

Leeds BS launches fee-free mortgages with up to £1k cashback

0
Written by: Christina Hoghton
14/02/2018
The fixed rate mortgages come without upfront costs and with a cash lump sum when the deal goes through.

A new range of fixed rate mortgages has been launched by Leeds Building Society – and they come with two incentives to tempt borrowers to switch.

The deals come with no product fees as well as cashback of up to £1,000.

The range includes a 1.88% two-year fixed rate mortgage with £500 cashback, available up to 60% loan-to-value. For borrowers with 25% upfront, the rate rises to 1.94% with the same £500 cashback.

There are also two five-year fixed rate deals on offer with £1,000 cashback, no product fee and a free standard valuation.

Borrowers with 40% upfront pay 2.19% fixed for five years, while those borrowing up to 75% of the property’s value pay 2.24%.

“The majority of borrowers choose fixed rates, which offer certainty over repayments,” said Jaedon Green, Leeds Building Society’s director of product and distribution.

“Mark Carney’s hints last week that the Base Rate is likely to increase sooner and more quickly than previously forecast may prompt homeowners to review their existing mortgage.

“While the latest additions to our fixed rate range are available for purchase and remortgage, the fact they come with cashback and no product fee is an extra incentive for remortgagors looking to switch and fix while rates remain low, while cashback will help reduce the impact of unexpected costs experienced by most home movers.”

The new fee-free cashback deals are on offer until 31 March.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2213844-search-mobile-typing-google-information-data-iphone-apple
Mobile phone users pay for extra 3GB of unused data

Smartphone users are collectively paying for 143 million gigabytes of data every month that they fail to use.

Close