Leeds self-certification mortgage improved

Leeds Building Society has extended its mortgage range aimed at self-certification borrowers.

The Leeds self-certification mortgage now offers a fixed rate of 4.95 per cent over two years and borrowers can take out a loan of up to 75 per cent of the property value.

Self-certification allows customers who have difficulty proving their income to take out a mortgage.

Capital repayments of up to ten per cent are allowed every year. A completion fee of 0.75 per cent applies to all mortgage borrowers.

If customers who are taking out the Leeds self-certification mortgage would prefer to not pay mortgage fees, they can be charged a slightly higher mortgage rate of 5.49 per cent.

Those who want to remortgage to the Leeds self-certification mortgage get free legal services and a free valuation.

The Leeds self-certification mortgage makes it easier for makes it easier for customers and intermediaries to submit their applications, says Karen Wint, head of marketing and PR at Leeds.

"Although we offer the service already, we felt it was right to promote a specific product for the self-certification market and extend the maximum loan to value," Ms Wint adds.

Previously, the maximum loan to value on the Leeds self-certification mortgage was 70 per cent.