Leeds Building Society Page 1

Mortgage deals and offers from the Leeds Building Society including fixed and variable rate products.

War of the Roses For Mortgages

Leeds Building Society Lend a Hand

The Leeds Building Society has pledged to help the mortgage market by targeting an increase in lending by up to 25 per cent during 2011. Leeds Building Society reported a tidy £42.2 million pre tax profits last year and by increasing their lending to borrowers, we can be sure that their profits will be suitably increased this year too. Read more

Leeds New Fixed Rate Mortgage That Doesnt Lock Customers in

Insiders from Leeds Building Society are urging potential borrowers who are considering taking out the lenders new fixed rate mortgage which doesn’t lock customers in to act fast. The new home loan offers customers the security of a fixed rate mortgage without locking them in to a deal. This allows protection from potential base rate increases whist still providing a degree of flexibility. Read more

Big Lenders Dont Always Have The Best Mortgage Deal

New Mortgage Savings Account

Following a meeting discuss the plight of first time buyers between the housing minister Grant Shapp and industry leaders, Leeds Building Society has announced that it will launch a new product to help first time buyers. The new savings product is designed to help struggling first time buyers onto the housing market. Read more

Leeds Buy to Let Mortgage Reduced

Following a spate of new mortgage products and rate cuts, Leeds Building Society is reducing its two year discounted buy to let mortgage from 4.89 to just 4.59%. This is fantastic news for would be investors that have been unable to secure cheaper lending since the financial crisis but an end to many buy to let mortgage products. Read more

Leeds Launch New Attractive Mortgage Range

The Leeds Building Society has launch another new range of mortgages which they say will provide their current and potential new customers looking to switch, an opportunity to fix their mortgage rate ahead of any base rate increases by the Bank of England. Read more

Leeds Building Society Launches New Mortgages

Leeds Building Society has launched a brand new shared ownership mortgage which is designed to get first time buyers onto the market. They hope that the mortgage will give first time buyers a real alternative to buying a home in a market where home loans for first time buyers are hard to come by.

Leeds Building Society started back in 1875 as the Leeds and Holbeck Building Socitey and is now the fifth largest in the United Kindgom. The building society has 650,000 customers which is serves via 70 branches across the UK including 30 in Yorkshire and some as far as Dublin and Gibraltar. In 2005 they changed their name to Leeds Building Society but in not connected to the Leeds Permanent Building Society which became part of the Halifax in 1995.With its head office in Leeds city centre, the building society was voted best building society four years ago by Mortgage Magazine.

The new shared ownership mortgage has a great rate of interest for a fixed rate mortgage at 5.99%. Leeds Building Societies sales and marketing director Kim Rebecchi said: “We are all well aware of the difficulties facing first time buyers buying a home. They can often struggle to meet the full asking price or their current income is insufficient to support a full mortgage. This shared ownership product facilitates that first step, and provides a starting point to staircase up to full home ownership as earning potential increases.”

They also have launched a two year discount mortgage which they are hoping will attract people looking to remortgage their houses, especially those that are looking to move from their lenders standard variable rate (SV R). The building society is marketing the mortgage with free valuation and in house legal services to tempt customers in.

Kim Rebecchi suggested that potential customers should look to getting advice from their team of advisors in branch to find out more details and whether they can apply. The home loan is a two year discount mortgage which is currently at a fabulous 2.8% with a loan to value (LTV) of 75% so those looking to remortgage would require at least 25% equity in their existing property which would equate to around £50,000 for a property worth £200,000.

The sales and marketing director pointed out that the deal is very competitive and great value for money as it not only offers a good interest rate but provides the degree of flexibility that many home owners are looking for to be able to overpay up to 10% per year without having to pay any penalty fee.

Kim said: “The product is fully portable, so if customers do wish to move during the term they can take the mortgage with them,”. The Leeds based building society of launched a five year fixed rate mortgage at 3.89% with a loan to value (LTV) 75% alongside 80% and 85% loan to value versions although these had higher rates of interest as borrowers did not require as larger deposit.

New 5 Year Fixed Rate Mortgage Deal from Leeds Building Society

The Leeds Building Society have today launched a new five year fixed rate mortgage deal hot on the heals of its new three year fixed rate mortgage it launched a few days ago. Read more

Leeds Building Society 3 Year Fixed Rate Mortgage Deal

A new deal has been launched by the Leeds Building Society today for various 3 year fixed rate deals at different loan to value (LTV) levels. Read more