Leeds BS launches five-year fix at 4.19%

Leeds Building Society is launching a five-year fixed rate mortgage at 4.19%.

The product is available up to 80% LTV and comes with a £199 booking fee and a completion fee of £800 for loans up to £500,000, or 1% for loans above £500,000.

The society has also reduced the rate on the same deal at 85% LTV, cutting it from 5.19% down to 4.59%, and launched fees-assisted versions of the product.

It is offering a five-year fix at 4.59% available up to 80% LTV with a £199 booking fee and no completion fee, free standard valuation up to £335 and free in-house legals for standard remortgages.

The same fees-assisted deal is available at 4.99% up to 85% LTV.

Phil Coombes, head of intermediary sales at Leeds Building Society, says: “Our new five-year fixed rate deal offers great security, and is available at a market-leading rate of just 4.19%.

“We have also cut the rate by 0.60% to 4.59% on the tier up to 85% LTV, thereby making a very competitive rate accessible to more clients.”

In addition, Leeds has reduced the rates on its two-year discount products.

Its two-year discount at 75% LTV has been reduced by 0.35% down to 2.50%, while at 80% LTV it has been cut by 0.20% to 2.85%, and at 85% LTV it has been cut by 0.44% to 3.55%.

These deals have a £199 booking fee and a £800 completion fee for loans up to £500,000, or 1% for loans over £500,000.