Market leading fixed rate range from Leeds Building Society

Leeds Building Society has launched market leading 2, 3, 5 and 10-year fixed rate mortgages in its new range despite the Bank of England’s decision to keep Base Rate at 5.50%.

There are 2 and 10 year-fixed deals starting at only 4.99%, with the 3-year at 5.15% and the 5-year at only 5.05%. Many also include a free valuation and there are fee free versions for customers looking to minimise up front costs.

Karen Wint, General Manager Marketing & Customer Services said, "This suite of products lead the market, offer outstanding value and take into account the reduction in swap rates which have factored in possible bank base rate decreases.

"We know that many borrowers like the ability to budget through fixed monthly payments and large numbers of mortgage customers will be coming off existing fixed rate deals in 2008. To be able to lock in value at such a low level over a period that best suits each borrower provides excellent peace of mind at an affordable rate. This will minimise the payment shock for a sizeable proportion of borrowers and reduce monthly outgoings for many more.

"Furthermore, all the products are fully portable, so if customers do wish to move during the term they can take the mortgage with them."

There is no higher lending charge on any of the products and unlimited capital repayment options available. A number of the products also provide a free valuation up to £335 and allow 10% capital repayments each year, without penalty, where an early repayment charge applies.

All fee-free versions also benefit from free in-house legal services for remortgages and no higher lending charge.

For more information, customers can call into their local branch, apply online at leedsbuildingsociety.co.uk.