The product offers a 1.76% discount for 2 years giving an initial pay rate of 3.99 per cent. There is no arrangement fee to pay and no legal fees for remortgage cases when the Leeds & Holbeck in-house legal service is used. The product is available via submission directly to Leeds & Holbeck Building Society through the Pink Home Loans Mortgage Club.
Commenting on the mortgage, Tony Jones, managing director at Pink Home Loans, said: “Pink Home Loans now has one of the most comprehensive direct access lender panels in the industry. The products currently on offer span a wide selection of standard and niche areas including residential, sub-prime, buy to let and self-certification. This product is ideal for existing borrowers looking to remortgage to a different lender with minimal cost.”