Leeds Building Society launches 3yr fixed mortgage

Borrowers looking for competitive mortgage rates will be interested to hear that Leeds Building Society has launched a new range of three-year fixed-rate mortgages at only 3.45 per cent.

The new 3.45 per cent rate is available up to 75 per cent loan-to-value LTV and also allows borrowers the flexibility of ten per cent capital repayments each year without a higher lending charge.

For consumers putting down 20 and 15 per cent deposits the three-year fixed-rate is available at 3.89 and 5.29 per cent respectively.

Kim Rebecchi, Leeds Building Society's sales and marketing director, said: "These products provide a great opportunity to secure a fixed rate now, combined with certainty of payments and peace of mind."

She added that the three-year term gives people the best of both worlds as customers avoid being locked into a long-term deal but have the security of a medium term.

The society has also launched fees assisted versions of these products for borrowers who require help with the initial costs involved in taking out a mortgage.

Leeds Building Society has recently launched a raft of new products including fixed-rate ISAs, postal bonds and competitive mortgage rates.
 

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2010-12-07 12:37:41 © Moneyextra.com