Leeds Building Society well placed with mortgage products

Following yesterday's figures from the Council of Mortgage Lenders (CML) that 55,000 mortgages were taken out for purchases in October, Leeds Building Society is well placed, with market leading and best buy mortgage products, to offer people looking to buy or move some great offers.

Leeds Building Society has a market leading 1 Year Fixed Rate mortgage at only 2.99% available up to 65% LTV, and a best buy 5 Year Fixed rate product at only 4.75% up to 75% LTV. Both these offers allow 10% capital repayments each year without penalty and have no higher lending charge.

The market leading 1 Year Fixed Rate at 2.99% has a fee of only £199 in total and there is no requirement for customers to have any other products with the Society. This offer then reverts to Bank Base Rate plus 2.99%, currently 3.49%, for a further year. This reverted rate is looking an even more attractive deal following yesterday's decision, by the Bank of England, to leave Bank Base Rate at 0.5% for the ninth month in a row. Some market commentators are now expecting rates to hold at 0.5% until 2011 at least*

The best buy 5 Year Fixed Rate at 4.75% is complemented by a range of ‘fee assisted' products which are ideal for re-mortgages, offering free standard valuations and free in-house legals for standard re-mortgages, along with reduced fees.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "We have an excellent mortgage range available and are well placed to offer very competitive deals to take advantage of people having an increased appetite to buy or move.

"We also have good offers for those with smaller deposits, people needing reduced fees and those looking to remortgage.

"The Society is very keen to lend and has qualified mortgage advisors available throughout its branch network and direct mortgage unit."

For more information, visit leedsbuildingsociety.co.uk.