Please note: Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.
AVAILABLE TO INTERMEDIARIES ONLY
A little extra help for your Remortgage customers.
Remortgage lending is making a comeback with the number of approvals up year-on-year for the third consecutive month (Bank of England Remortgage Data. June 2015). Low mortgage rates and rising house prices are giving many borrowers a stronger incentive to remortgage.
With this new range, your remortgage customers get competitive rates on a wide range of products. And it’s not just your standard residential customers who will benefit. This new range also includes Help to Buy and Buy to Let remortgage options.
|Why place your remortgage business with us?|
|Giving you more.
We offer a wider product range than many other lenders. As well as competitive residential products, we also offer Buy to Let, Help to Buy, Shared Ownership and many more.
|Dedicated Intermediary Support.
A nationwide BDM team with regional ‘know-how’. They live and breathe the same housing market that you work in.
|It’s good to talk.
We give you additional sales support through our new Telephone BDM team, so that you always have someone to discuss your cases with.
|With many additional benefits.
We offer Fees Assisted in-house legal services for standard remortgages. We also allow capital raising up to 90% LTV.
Fees Assisted 2 Year Remortgage Only Fixed Rate Mortgages
RATES CORRECT AS AT 10 May 2018
|Initial rate fixed up to and inc. 31/07/20||Then changing to the Society's SVR less a discount of 1.00%, up to and inc. 31/07/2023, (currently)||Then the Society's SVR thereafter, (currently)||Overall cost for comparison (APRC)||Max LTV||Product Fee||
|Remortgage Only / Fees Assisted / Max loan amount £400,000
A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.99% and then a 1.00% discount on our current Standard Variable Rate of 5.69% for 3 years and then on our current Standard Variable Rate of 5.69% for the remaining 20 years would require 24 monthly payments of £473.31, 36 monthly payments of £559.40 and 240 monthly payments of £607.81.
The total amount payable would be £177,408.12 made up of the loan amount plus interest of £77,373.12 and application fee £0, product fee £0, valuation fee £0.
The overall cost for comparisons is 5.1% APRC representative.
This representative example assumes a mortgage completion date on the 1st day of a calendar month.
The above representative example is for illustration purposes only and may vary depending on your personal circumstances.
These products are available for remortgage only. The Product Fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.
- 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
- Tapered Early Repayment Charges apply.
- Interest calculated daily.
- Fees assisted legal service for standard re-mortgages.
- Free standard valuation up to £999
- These products are available for remortgage only
- These products are not available to interest only applications.
We have developed a set of short, easy-to-use guides to our criteria.
View our criteria guides »
Please contact your nearest Development Manager. Find your nearest Development Manager »