Leeds Building Society cuts its mortgage rates

Leeds Building Society has reduced its mortgage rates in order to make its products more affordable.

The firm has cut the mortgage rates on its five-year fixed deal by 0.3 per cent on Loan to Values LTVs of up to 75 per cent.

However, those paying in a smaller deposit will also benefit from seeing mortgage rates cut, as the building society is also reducing its five-year fixed deal for LTVs up to 80 per cent by 0.24 per cent.

The new mortgage rates for the products are 4.49 per cent and 4.75 per cent respectively and are available with no higher lending charge.

Capital repayments of up to ten per cent are also allowed each year without penalty.

Kim Rebecchi, Leeds Building Society's sales and marketing director said, "We are pleased to reduce the rate on our five-year fixed, and provide competitive deals for those borrowers looking to lock into the certainty of low fixed repayments."

Meanwhile, the HSBC has launched new mortgage rates for customers with a ten per cent deposit. 

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2011-06-28 13:06:29 © Moneyextra.com