Leeds launches 5 year fixed rate mortgage at under 5%

Leeds Building Society has introduced a five-year fixed rate mortgage product at under 5%, with no fees (except for the valuation) and no other purchases required, such as opening a current account. The new deal, that is for five years until 30th April 2014, is available from only 4.99% up to 75% loan to value and 5.49% up to 85% loan to value.

Kim Rebecchi, Director of Sales & Marketing said, "This is a great opportunity for those people who wish to lock into the long term certainty of repayments at a rate of under 5% and pay no completion fee. There is also the added feature of 10% capital repayments being permitted each year, and no higher lending charge. For anyone remortgaging to the Society, Leeds Building Society will undertake the legal work involved at no cost whatsoever to the applicant.

"These products are available through our 69 strong branch network and are a very limited issue. Therefore, I would urge customers to act quickly to avoid disappointment."

For more information, visit leedsbuildingsociety.co.uk