Tracker Rate mortgages

We have a range of competitive Tracker Rate mortgages suitable for a range of needs, now and in the future. The interest rates on our tracker mortgages tracks the Bank of England’s (BoE or UKBBR) base rate plus a fixed percentage for a set period of time, meaning your repayments will vary monthly if the BoE base rate changes. That means in months when your payments fall, you have the option of over-paying, if your chosen product allows for this. This means you’ve got the chance to pay off your mortgage even quicker. It also means, of course, that if the BoE’s base rate goes up, so will your payments. At the end of the Tracker Rate period, your rate will switch to the Society’s standard variable rate (SVR) for the remainder of the term.

You can choose from applying online** or over the phone, and can even use our mortgage calculator and get a decision in principle today.

 

Fee Assisted 2 Year Tracker Rate BoE Base Rate Mortgages

Initial rate variable up to and inc. 30/06/2020, (currently)Then changing to the Society's SVR less a discount of 1.00%, up to and inc. 30/06/2023, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.19% 4.69%5.69%4.8%65%£999 View
Max loan amount £1,250,000 / Minimum advance £50,000
1.30% 4.69%5.69%4.8%75%£999 View
Max loan amount £1,000,000 / Minimum advance £50,000
1.54% 4.69%5.69%4.8%80%£999 View
Max loan amount £750,000 / Minimum advance £50,000

Fee Assisted 2 Year Tracker Rate BoE Base Rate Mortgages

Initial rate variable up to and inc. 30/06/2020, (currently)Then changing to the Society's SVR less a discount of 1.00%, up to and inc. 30/06/2023, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.57% 4.69%5.69%4.8%65%£0 View
Fees Assisted / Max loan amount £1,250,000 / Minimum advance £50,000
1.74% 4.69%5.69%4.8%75%£0 View
Fees Assisted / Max loan amount £1,000,000 / Minimum advance £50,000
1.84% 4.69%5.69%4.8%80%£0 View
Fees Assisted / Max loan amount £750,000 / Minimum advance £50,000
1.99% 4.69%5.69%4.9%85%£0 View
Fees Assisted / Max loan amount £500,000 / Minimum advance £50,000
2.44% 4.69%5.69%5.0%90%£0 View
Fees Assisted / Max loan amount £400,000 / Minimum advance £50,000
RATES CORRECT AS AT 27 Mar 2018

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a tracker rate for 2 years at 1.94% above the UKBBR (currently 2.44%) and then a 1.00% discount on our current SVR of 4.69% for 3 years and then on our current SVR of 5.69% for the remaining 20 years would require 24 monthly payments of £445.28 and 36 monthly payments of £556.99 and 240 payments of £605.19.

The total amount payable would be £176,019.57 made up of the loan amount plus interest of £75,984.57 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparison is 5.0% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

  • 10% capital repayments are allowed each year during the variable rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 30 June 2020.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • Free standard valuation up to £999.
  • Fees assisted legal services for standard re-mortgages.
  • ** If you apply for a mortgage online you will not receive advice from Leeds Building Society. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances. You will not benefit from the protections offered by an advised service. This is called an execution only transaction. If you would like to receive guidance from us please call our Direct Mortgage Unit on 03444 175 785. We’re open 8am to 8pm Monday to Friday and 9am to 5pm Saturday.