Discounted Rate Mortgages

We know that you will have many things to buy when purchasing your new home, so you have to be able to afford much more than your mortgage payments. To help with this, we offer a range of products with rates discounted for the first 2 or 3 years. This reduces your payments for the discount period. The mortgage rate then increases for the remainder of the mortgage period.

You can choose from applying online** (unless stated below) or over the phone, and can even use our mortgage calculator and get a decision in principle today.

Warning: THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Legal Assisted 2 Year Discount Rate Mortgages - No Fee

Initial rate variable for the first 2 years variable, (currently)TermsThen changing to the Society's SVR less a discount of 1.00%, for the next 3 years (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.47% The Society's SVR less 4.22%4.69%5.69%4.8%65%£0 View
Max loan amount £500,000
1.54% The Society's SVR less 4.15%4.69%5.69%4.8%75%£0 View
Max loan amount £500,000
1.74% The Society's SVR less 3.95%4.69%5.69%4.8%80%£0 View
Max loan amount £500,000
1.79% The Society's SVR less 3.90%4.69%5.69%4.8%85%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 30 october 2018

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a 4.70% discount on our current Standard Variable Rate of 5.69% for 2 years 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 £677.32, 36 monthly payments of £990.10 and 240 monthly payments of £1,075.79.

The total amount payable would be £312,122.94 made up of the loan amount plus interest of £130,088.94 and application fee £0, product fee £1999, valuation fee £0.

The overall cost for comparison is 4.8% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year during the variable rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply for the first 2 years.
  • Free standard valuation up to £999.
  • Fees assisted legal services for standard re-mortgages.
  • Interest calculated daily.
  • These products are not available to interest only applications.

Fees Assisted 5 Year Discount Rate Mortgages

Initial rate variable for the first 5 years variable, (currently)TermsThen the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.80% The Society's SVR less 3.89%5.69%4.2%80%£499 View
Fees Assisted / Max loan amount £750,000
1.95% The Society's SVR less 3.74%5.69%4.3%85%£499 View
Fees Assisted / Max loan amount £500,000
RATES CORRECT AS AT 10 NOV 2017

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £151,000.00 payable over 25 years initially on a 3.74% discount on our current Standard Variable Rate of 5.69% for 5 years and then on our current Standard Variable Rate of 5.69% for the remaining 20 years would require 60 monthly payments of £635.96 and 240 monthly payments of £881.92 .

The total amount payable would be £250,352.41 made up of the loan amount plus interest of £98,818.41 and application fee £0, product fee £499, valuation fee £0.

The overall cost for comparison is 4.3% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year during the variable rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply for the first 5 years.
  • Free standard valuation up to £999.
  • Fees assisted legal services for standard re-mortgages.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • Extra help and guidance

    If you want help and support with your application call a Mortgage Assistant

    03450 50 50 62(press option 2)

  • Talk to an expert now

    When you're ready to apply for a mortgage, call to request to speak to a Mortgage Consultant

    03458 48 00 26 (press option 1)

** If you apply for a mortgage online you will not receive advice from Leeds Building Society. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances. You will not benefit from the protections offered by an advised service. This is called an execution only transaction. If you would like to receive guidance from us please call our Direct Mortgage Unit on 03444 175 785. We’re open 8am to 8pm Monday to Friday and 9am to 5pm Saturday.