6.25% Tracker

5.74% Fixed to 31/05/2011

6.25% Tracker

Upto £750,000 80% LTV (Rmg 80%)

Mortgage is Portable

All loans are portable- this means if you move house and wish to transfer the loan to your new property you can.

Details of the Offset Savings Account.

The Offset Premier Savings Account is the combined savings account that must be opened with all Offset Mortgage completions.

The account is based upon the Premier Current Account. This account offers the following:

Cheque book / No overdraft facility available or cheque guarantee card.

Direct Debit, Standing Order, Bill payment and Bank Transfer facilities.

There will be no Interest payable on the account (Please see your training pack for details).

Minimum Balance on opening £0.

Maximum working balance = Mortgage balance.

Maximum number of accounts available to be opened with the Offset Mortgage  = 3

Existing mortgage customers moving home receive 'EasyTrack' benefits please refer to Leeds Building Society for full details.

This product can be used for Let to Buy applications but only for the new residential property and not the property that will be let.

Lending beyond retirement- only pension income within 5 years of retirement is verified

Product is not CAT standard.

Linked Savings/Offset Account. You must open an Offset Savings Account with the Society. No interest will be paid on the Offset Savings Account. The Society will work out the difference at the end of each day between the debit balance on your Offset Mortgage Account and the balance in your Offset Savings Account. If the debit balance on your Offset Mortgage Account exceeds the value in your Offset Savings Account, interest will be charged on the difference.

You are able to make overpayments to the sum of 10% of the loan amount on any part of this mortgage in each 12 month period. Overpayments, which exceed this, will incur an early repayment charge of the percentage specified in Section 10 on the amount of the excess.

If you make an overpayment or lump sum payment then the amount you owe, and so the amount of interest you pay, is reduced immediately. This provides you with benefit immediately. This would come in to effect if the amount is £1000 or more.

Restrictions apply.

Lending is subject to a satisfactory credit reference.

Let to Buy : Accepted

Capital Rest Period : Daily

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment Yes

Arrangement : £999 Can be Added

Booking : None

4% of loan to be paid within first year, Then 3% of loan to be paid for next year, Then 2% of loan to be paid for next year, 10% capital repayments allowed per year without penalty

None

Basic:

upto £100,000 - £230

upto £150,000 - £270

upto £200,000 - £335

upto £250,000 - £360

upto £300,000 - £405

upto £350,000 - £450

upto £400,000 - £510

upto £500,000 - £560

upto £700,000 - £710

upto £1,000,000 - £950

upto £2,000,000 - £1400

Homebuyers:

upto £50,000 - £330

upto £100,000 - £420

upto £150,000 - £500

upto £200,000 - £550

upto £250,000 - £630

upto £300,000 - £740

upto £350,000 - £850

upto £400,000 - £960

upto £500,000 - £1150

upto £600,000 - £1400

upto £700,000 - £1500

upto £800,000 - £1650

upto £900,000 - £1750

upto £1,000,000 - £1950

upto £2,000,000 - £2250

Min Valuation £40000

£999 completion fee up to £500,000. Over £500,000 fee in by negotiation only. This can be added to the loan.

All loans over £500,000 should be referred to Leeds Building Society for agreement in principle.

For properties valued over £2 million please refer to Leeds Building Society for the valuation fee.

The Homebuyers valuation fee on properties over £2 million, please refer to Leeds Building Society

Maintenance Payments 50% of evidenced maintenance payments will now be accepted as allowable income.

The deeds dispatch fee of £199 is the total figure including the deeds release fee of £65.

Higher Lending Charges are calculated on the difference between 75% of the value of your home and the amount you wish to borrow. Added fees will not be included in this calculation.

Insurance Admin - £30.00 Payable on completion.

Lenders Conveyancing Fee - £117.00 Payable on completion. Legal Fees payable on or before completion. Please note, the figure quoted here is an estimate and only covers part of the costs of legal work that you might need to pay.

Discharge Fee - £199.00 Payable on redemption.

CHAPS Fee - £35.00 Payable on completion.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Refer

Maisonette Yes

Studio Flat Yes

Flying Freehold No

Thatched Refer

Timber Framed Refer

Concrete No

Agricultural Tie No

Flat Over 4 Storeys No

Listed Building Yes

Max Discount% 100

Max Market Value% 95

New Build acceptable. No minimum loan for straight re-mortgage, but if capital raising is involved and property is unencumbered then total loan must exceed £5000.

For all Shared Ownership properties in Scotland a HLC is charged above 75% LTV upto 95% LTV

New build properties accepted but where more than 3 properties in the same development are proposed, the application (s) needs to be referred.

Mortgage Subsidy- Where a mortgage subsidy is being granted with a new mortgage application and this exceeds of the property valuation, the maximum LTV will be restricted to 90%.

Self-Build Valuations -An updated revaluation will be obtained upon completion of the property / or at the final stage release.

Accepted Locations : England, Scotland, Wales, N Ireland

Bank Statements 1 months

At Least 3 Months Pay Slips Yes

P60 Yes

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References Yes

MPPI Free 3 Months

Buildings Conditional

Min Loan

Max Loan £750,000/Rmg £750,000

Max Portfolio of BTL Loans £1,000,000

Min Age 18 years

Max Age 85 years

Min Term 5 years

Max Term 40 years

Foreign Citizens Refer

Ex-Patriates Refer

Based on Income > 0

3.75 + 1 or 3 joint < 100% LTV

3.75 + 1 or 3 joint < 95% LTV

4 + 1 or 3 joint < 90% LTV

4.25 + 1 or 3.5 joint < 85% LTV

4.5 + 1 or 3.75 joint < 80% LTV

Min months in current position none

Min months in continuous service 6

Min no. of years accounts 2

Average years taken to calculate income none

Will consider declining profit No

The lenders income multiples may vary. For sourcing purposes, the highest available income multiples are displayed.

For self employed applicants who can only provide accounts for 1 year, 100% of the projection for the current year will be accepted.

If LTV is below 80% self employed applicants need only provide an accountant's certificate to confirm income.

Available to Self Employed applicants subject to income being suitably verified.

Credit/store card - 'annualised payments' are 5% of the current balances.

100% of Child Tax Credits and disability related benefits are accepted as other income.

Child- Care costs will not be used in allowable income when calculating borrowing capacity

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft NOT Taken into account

Credit/Store Cards Annualised payments deducted from salary

Child Maintenance Taken into account

Child Education NOT Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 50% to income before multiply

Other Income - Irregular Refer to Lender

Investment Income Refer to Lender

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments Add 50% to income before multiply

Non Contributory Pension Add 100% to income before multiply

Car Allowance Add 100% to income before multiply

Capital Raising 80%

Home Improvements 80%

Debt Consolidation 80%

School Fees 80%

Holidays/Cars 80%

Buy Other Property 80%

Business Purposes Not accepted

Divorce Settlement 80%

Unencumbered Acceptable

CCJs : Acceptable, must be satisfied

Defaults : Not Acceptable

Arrears : Not Acceptable

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

Minor CCJ's accepted. Must be satisfied. Please contact the Lender.

- The Lender will judge customers with previous or existing adverse credit in a flexible manner and every case will be judged on it's individual merit's. Along with the customer's ability to keep up repayments on the mortgage, taking into account his/her existing liabilities.

- The Lender will consider cases of financial difficulty and mortgage arrears sympathetically.

- The Lender will follow the general principles of the Council of Mortgage lenders statement of Practice on Handling Arrears and Possessions, including :

a) with your co-operation, developing a plan with you for dealing with your financial difficulties and clearing the arrears, consistent with both your interests and the Lender.

b) possession of your property will be sought only as a last resort when attempts to reach alternative arrangements with you have been unsuccessful.