Mortgages  

Launchpad: Leeds Building Society

Leeds Building Society has trimmed rates on its ‘Welcome Mortgage’ range, with a two-year fixed-rate deal at 80 per cent LTV now available at 3.05 per cent.

The rates on five-year fixed-rate mortgages also fall to 4.12 per cent at 80 per cent LTV and 4.23 per cent at 85 per cent LTV, respectively.

IFA verdict

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Stuart Duncan, direct of Personal Mortgage Service, East Sussex:

“The 85 per cent deals for two years are not bad but the 80 per cent deals are not competitive.”

Key features include:

£200 cashback on all successful applications
Capital payments worth 10% allowed each year without penalty.