Leeds unveils market leading 5-year fixed rate mortgage at 3.74%

Following its announcement of rate reductions of up to 0.31% on its 3 year fixed rate mortgage range, Leeds Building Society has announced cuts of up to 0.25% on its 5 year offering.

The Society now has a market leading offer at 3.74% available up to 80% loan to value (LTV).

The Society has reduced the 5 year version available up to 85% LTV by 0.25% to 4.24%, and introduced a new tier up to 70% LTV at just 3.29%. All these offers have no higher lending charge and allow 10% capital repayments each year without penalty.

Leeds has also made reductions in rate on the fees assisted versions of these products, with the version up to 80% LTV lowered by 0.20% to 4.19% and the offer up to 85% LTV reduced by 0.25% to 4.64%. 

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "We are offering a competitive 5 year fixed rate mortgage range, including a market leading offer at 3.74% up to 80% LTV, following reductions in rates.

"Our five year fixed rates combine certainty, at a very affordable rate, with the flexibility of 10% capital repayments each year. The other important factor is that the offers are available up to 95% LTV, thereby accessible to more borrowers. We also have fees assisted versions of these products, with rates down by up to 0.25%, for those who require help with up front costs.

"I would urge those customers coming to the end of an existing deal or looking to move home to visit our branches, where we have fully qualified mortgage advisers available on a no appointment necessary basis."

For more information, visit leedsbuildingsociety.co.uk.