Leeds Building Society 3.89% discount for 5 years

Which? customer score 66%
Assumed borrowing of £125,000 over 25 years, representative 4.4% APRC. Total amount payable: £206,424.21. Includes interest of £80,925.21, Valuation fee of £0, Booking fee of £0 and Administration fee of £499. Repayments: 60 monthly repayments of £517.73 at 1.80% (variable), then 240 monthly repayments of £728.59 at 5.69% (variable).
Leeds Building Society customer satisfaction scorecard:
How do we work this out?Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
66%Fair |
Eligibility
Maximum age | 80 |
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Minimum age | 18 |
Location | Any |
Restricted location note | N/A |
Existing customer note | N/A |
Eligibility notes | N/A |
Mortgage product details
Mortgage types | Purchase, Remortgage, First time buyer |
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Deal type | Discount |
Tracker type | Standard variable rate |
Payment options | Repayment |
Mortgage product features
Overpayments allowed | Yes |
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Overpayment limits note | 10% penalty free capital over-repayments each year |
Offset mortgage | No |
Help to Buy mortgage | No |
Shared ownership mortgage | No |
Shared equity mortgage | No |
New-build mortgage | No |
Self-build mortgage | No |
Portable mortgage | Yes |
Product fees
Arrangement fee | £499 |
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Arrangement fee can be added to loan | Yes |
Booking fee | £0 |
Telegraphic transfer fee | £35 |
Insurance fee | £0 |
Other fees | £0 |
Rate information
Minimum borrowing amount | N/A |
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Maximum borrowing amount | £500,000 |
Minimum term (years) | 5 |
Maximum term (years) | 40 |
Initial deal end date | N/A |
Initial deal length (months) | 60 |
APRC | 4.41% |
Initial rate | 1.8% |
Revert-to rate | 5.69% |
Maximum LTV | 80.0% |
Other charges
Exit fees | £199 |
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Valuation admin fee | £0 |
Valuation fee | From £230 for property value above £100,000 |
Early repayment note | 5% then 5% then 4% then 3% then 2% until end of initial period |
Standard benefits
Valuation admin fee excluded from any refund offer | Yes |
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Maximum free valuation | £999 |
Cash back amount | £0 |
Further notes about benefits | N/A |
Remortgage benefits
Cash back on legal fees | No |
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Free legal work | Yes |
Valuation offer | Free |
Purchase mortgage benefits
Cash back on legal fees | No |
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Free legal work | No |
Valuation offer | Free |