Switching your Leeds Building Society mortgage to a new product is normally a straightforward process. Our free mortgage product transfer service helps existing Leeds Building Society borrowers secure a new mortgage rate before their current deal ends, protecting against future rate increases while retaining the flexibility to benefit if rates improve.
When can I switch my Leeds Building Society mortgage?
Leeds Building Society allows existing borrowers to secure a new mortgage product up to six months before their current mortgage deal expires.
Booking your new mortgage rate early can help protect you against future mortgage rate increases while giving you additional time to review your options before your new rate starts.
Overpayment allowances
Leeds Building Society allows overpayments of up to 10% of your outstanding mortgage balance each calendar year without incurring early repayment charges.
If you are planning to make regular or lump sum overpayments, you should first confirm that you remain within your permitted annual allowance.
Our Leeds Building Society mortgage switch process
Once you contact our team, we will obtain details of the mortgage products available specifically for your account and explain each option in clear, straightforward language.
We will help you compare the available mortgage products, answer any questions you may have and identify the most suitable mortgage product for your circumstances.
Once you have selected your preferred mortgage product, we will arrange your Leeds Building Society mortgage product transfer and guide you through the process until your new mortgage rate is in place.
Benefits of a Leeds Building Society product transfer
- No affordability assessment is normally required for a straightforward like-for-like mortgage product transfer.
- No new credit check is normally required.
- No property valuation is usually needed.
- No legal work is required.
- The application process is generally quicker and simpler than arranging a remortgage.
Why use our service?
- Our Leeds Building Society mortgage product transfer service is completely free of charge.
- We explain your mortgage options in clear, straightforward language.
- We manage the application from start to finish.
- We remain available throughout the process to answer any questions you may have.
- Where appropriate, we can also compare your Leeds Building Society mortgage options with products available across the wider UK mortgage market before you make your decision.