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 |
|---|---|
| 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 |
|---|---|
| Deal type | Discount |
| Tracker type | Standard variable rate |
| Payment options | Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| Maximum free valuation | £999 |
| Cash back amount | £0 |
| Further notes about benefits | N/A |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | Yes |
| Valuation offer | Free |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Free |