Leeds Building Society has launched a two-year variable tracker mortgage onto the market, earning it the highest accolade from Moneyfacts.
This deal has a variable rate of 1.70% until 31.7.17 available at a loan-to-value (LTV) of 80%. This makes it the lowest rate currently available in its sector. A low fee of £499 is payable.
This mortgage is available to first-time buyers, homemovers and remortgagors with a 20% deposit. All borrowers can profit from an incentive package of free valuation (max £560), while those looking to remortgage their property can also benefit from help towards legal costs.
Overpayments and lump sum withdrawals are permitted provided certain conditions are met, granting borrowers some welcome repayment flexibility.
For borrowers on the lookout for a highly competitive tracker mortgage, this deal neatly fits the bill. Not only does it offer the lowest rate currently available in its sector, but it also boasts an enticing incentive package, a low fee and repayment flexibility. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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