RSS Feed

Related Articles

Related Categories

Fix your mortgage for two or five years with Leeds Building Society

12th January 2015 Print

Competitive new two and five year Fixed Rate mortgages are being launched by Leeds Building Society this week.

These deals – including a 1.84% two year fixed rate available up to 65% LTV (loan to value) and a 3.59% five year fixed rate available up to 85% LTV – will be launched on Tuesday, 13th January. The five year deal has no fee and both come with a free standard valuation covering properties priced up to £500,000 and fees assisted legal services for standard remortgages.

In addition, a new range of five year fixed rate offset mortgages will be launched on Wednesday, 14th January, including a 2.99% deal available up to 75% LTV.

“As the chances of a Base Rate rise have become less likely, we’ve been seeing greater demand for longer term fixed rate products and our new five year deals are in response to this,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

“An increasing number of borrowers are taking advantage of the current low interest rate environment to lock into a competitive deal and enjoy the security of fixing their monthly repayments for the longer term.

“While the low interest rate environment continues to make conditions challenging for savers, offset mortgages may be an attractive option for making your cash work harder for you and either bring down your monthly repayments or potentially shave years off the term of your mortgage, which could result in significant savings.”