RSS Feed

Related Articles

Related Categories

Competitive new 10 year fixed rate mortgage from Leeds Building Society

3rd September 2014 Print

Leeds Building Society is reducing the rate of one of its longer term fixed rate mortgages to give more choice to borrowers looking to fix their repayments for the longer term.

On Friday 5th September, the Society will cut the rate of its 10 year fixed rate mortgage up to 65% LTV (loan to value) to 4.19%.

This deal comes with a low fee of £199 and additional benefits including a free standard valuation up to £335 and fees assisted in-house legal services for remortgages.

The Society also offers a competitive 10 year fixed rate deal at 4.39% up to 80% LTV.

“Fixing your mortgage for the longer term has become more attractive in the current uncertain interest rate environment and both these deals offer competitive rates,” said Martin Richardson, Leeds Building Society’s General Manager - Business Development.

“Borrowers who choose a longer-term fix have the security of knowing exactly what they will be paying on their mortgage each month for some time into the future. As this is generally their largest regular outgoing, it helps them in planning the rest of their household budget.

“We expect the 4.19% 10 year deal to appeal particularly to homeowners with sufficient equity who are looking to remortgage.

“In addition to a competitive rate, it comes with a low fee and benefits including a free standard valuation up to £335 and fees assisted in-house legal services for remortgages, to minimise the cost to the borrower of making the switch from their current mortgage.”