Leeds re-launches its 5-year fixed-rate mortgage

Consumers looking for a new mortgage will be interested to hear that Leeds Building Society has re-launched its five-year fixed mortgage rates.

The five-year fix is still available at a very competitive rate of 3.94 per cent but the society has increased the loan to value LTV from 60 per cent to 75 per cent.

In addition to this, there will be no higher lending charge and ten per cent capital repayments are allowed each year without penalty.

Kim Rebecchi, sales and marketing director at Leeds Building Society, said: "This offer is great news for borrowers looking to lock in value and provides customers with the security that their monthly payments will remain the same for five years."

She added that the increase of the LTV on the product from 60 to 75 per cent will make the deal more accessible for more customers.

Leeds Building Society recently launched a new market leading two-year discount mortgage offering one of the markets best mortgage rates, available at a rate of 2.45 per cent up to 75 per cent loan to value LTV.
 

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2010-10-28 15:41:18 © Moneyextra.com