Leeds launches new 5-year fixed rate mortgage range

Leeds Building Society has launched a new market leading 5-year mortgage at only 3.89%. Furthermore, this product also allows the flexibility of 10% capital repayments each year and there is no higher lending charge.

The 3.89% rate is available up to 75% loan to value (LTV), at only 4.49% up to 80% LTV and at 4.69% up to 85% LTV. All three tiers of this product are market leading. The Society has also launched fees assisted versions of these products for those who require help with up front costs.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "We are delighted to launch these market leading 5 year fixed rate products, with LTV rates at levels which will be accessible to a greater number of borrowers. To secure a market leading 5 year fixed rate with only a 15% deposit offers great value.

"We have taken care to listen to what our customers have said and these products certainly fill a gap in the market. As well as providing market leading products at realistic LTV levels, we have also unveiled fees assisted versions of the product, coupled with free valuations and legal services. These are achievable at only slightly higher rates and are still market leading."

The fees assisted versions of the product, with free valuations and legals services for standard re-mortgages, are available at a rate of only 4.09% up to 75% LTV, at 4.79% up to 80% LTV and at 4.99% up to 85% LTV.

Kim Rebecchi continued, "Leeds Building Society is offering truly market leading products, based on both interest rate and loan to value. These products provide a great opportunity to secure a fixed rate now and budget for what is, for many households, their biggest monthly outgoing."

For more information, visit leedsbuildingsociety.co.uk.