Leeds cuts rate on 10-year fixed rate mortgage to 4.29%

Leeds Building Society has reduced the rate on its 10-Year Fixed Rate mortgage, available up to 75% loan-to-value (LTV), by 0.29% to only 4.29%.

Furthermore, the rate on the version available up to 80% LTV has been cut from 4.79% to 4.69%.

Kim Rebecchi, Sales & Marketing Director at Leeds Building Society said, "We are delighted to offer these long-term market leading fixed rate mortgages from only 4.29%.

"The products are available for both purchases and remortgages and customers can lock-in value for a decade which, in the current economic environment, delivers security and peace of mind at a very low rate.

"Furthermore, there is no higher lending charge and customers can pay off 10% of capital each year, without penalty. The mortgages are also fully portable should a borrower wish to move home during the term, providing even greater flexibility.

"I believe these mortgages offer excellent value and will prove extremely popular with customers who are seeking security and value over a longer term."

For more information, visit leedsbuildingsociety.co.uk.