Leeds Building Society launches new 5-yr fix

Leeds Building Society has launched a new market leading five-year fixed-rate mortgage offering customers very competitive mortgage rates.

The new product offers a rate of 3.89 per cent and also allows the flexibility of ten per cent capital repayments each year with no higher lending charge.

Leeds' 3.89 per cent rate is available up to 75 per cent loan to value LTV, at 4.49 per cent up to 80 per cent LTV and at 4.69 per cent up to 85 per cent LTV.

Kim Rebecchi, Leeds Building Society's sales and marketing director, said: "We are delighted to launch these market leading five-year fixed-rate products, with LTV rates at levels which can be accessible to a greater number of borrowers."

She added that the Society listened to the needs of its customers and believes that these new products will fill a gap in the market.

All three tiers of the new fixed-rate mortgage are market leading with fees assisted versions available for those who require help.

Leeds Building Society recently launched a new market leading two-year discount mortgage offering a rate of 2.45 per cent up to 75 per cent LTV.
 

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2010-11-17 14:43:18 © Moneyextra.com