Leeds launches 1.99 per cent 5-year fix with £1,000 cashback

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Leeds Building Society has launched a 1.99 per cent five-year fixed rate mortgage with £1,000 cashback.

The loan is available up to 75 per cent LTV.

The product has a free valuation and a £1,499 completion fee.

The loan has tapered early redemption charges, starting at 5 per cent for the first two years, then dropping 1 per cent a year afterwards until completion.

Leeds Building Society director of product and distribution Jaedon Green says: “Fixed rate mortgages remain the choice of the majority of borrowers but, as recent political upheaval continues to be reflected in ongoing economic uncertainty, more may seek the security of a longer-term deal.”

All of Leeds’ fixed rate mortgages are portable, subject to the borrower meeting affordability requirements at the time of porting.