The Leeds & Holbeck Building Society

Fixed Rate: this type of mortgage means that your initial rate will be fixed for an agreed period. After the fixed rate period has finished the mortgage rate will revert to the Society’s standard variable rate for the rest of the mortgage term. Leeds offer fixed rate mortgages for 2, 3, 5, 15, 20 and 25 years.

Early repayment charges may apply. A completion fee may apply.

Discounted Rate: this type of mortgage means that your initial rate will be set at a discount off the Society’s standard variable rate. This may be subject to change if interest rates rise or fall. Your discount is set for an agreed period and your rate will revert to the Society’s standard variable rate for the rest of the mortgage term.

Early repayment charges may apply. A completion fee may apply.

Tracker Rate: this type of mortgage tracks the Bank of England base rate. The rate you will pay for the first 3 years of your mortgage will be linked to this plus a charge applied by the Leeds. After the tracker rate period has finished the mortgage will revert to the Society’s standard variable rate for the rest of the mortgage term.

There is a ‘fee’ free mortgage option. Early repayment charges apply for the first 3 years. A completion fee may apply.

Offset: this type of mortgage works by linking your mortgage to your savings. Your savings account is offset against your mortgage. Your monthly repayments will therefore be lower. You can access your savings at any time. You can choose between a 2, 5 and lifetime offset mortgage. When the offset period has finished the rate will revert to the standard variable rate.

Early repayment charges may apply. A completion fee may apply.

Flexible: the Leeds offer a flexible mortgage that is set at a variable discount for the first 3 years. Underpayments, a borrow back facility and payment holidays are all allowed providing you have made adequate overpayments.

There is no early repayment charge. Interest is calculated daily. A completion fee is applicable.

Capped: this type of mortgage means your rate will not rise above an agreed level for a set period. Similar to a fixed mortgage. However, if the Society’s standard variable rate falls the rate of your mortgage rate will also fall to an agreed level. At the end of the capped period your rate will revert to the Society’s standard variable rate.

An early repayment charge applies for the first 4 years. A completion fee is applicable.

If you are interested in a mortgage quotation including those offered by The Leeds Building Society please complete our quick enquiry form.

Buy to Let: these mortgages are available to people who want to buy a property, maybe as an investment, to let. The Leeds has a number of different types of Buy to Let mortgages:

• Fixed
• Tracker
• Variable

Fixed: the rate is fixed for a set period; the Leeds has two different mortgages both set on a 5 year fixed period. The mortgage rate will then revert to the Society’s standard variable rate.

An early repayment charge applies for the fixed rate period.

Tracker: your rate will be set according to the Bank of England base rate plus a charge set by the Leeds. After a 5 year period it will then revert to the Society’s standard variable rate.

An early repayment charge applies for the tracker rate period.

Variable: this is set at the Leeds standard variable rate plus a charge for the term of the mortgage.