Leeds Building Society re-launches 5-year mortgage

Leeds Building Society launches 5-year mortgage

Leeds Building Society has today unveiled a five-year fixed-rate mortgage which has no higher lending charge.
Leeds Building Society launches new discount mortgage

Would-be property buyers who are struggling to save up a deposit may be interested in a new deal offered by Leeds Building Society.

Friday, 04 December 2009 12:00

Leeds Building Society is providing another chance for borrowers to take advantage of its five-year fixed-rate mortgage.

The product, which has a rate of 4.75 per cent and is available for people who need to borrow up to 75 per cent of their property's value, has been re-launched this week.

A version for borrowers looking for a loan-to-value (LTV) of 85 per cent is also available with a rate of 5.5 per cent.

Kim Rebecchi, director of sales and marketing for Leeds, said: "These offers are great news for borrowers looking to take advantage of the low levels of interest rate, and provide customers with the security that their monthly payments will remain the same for five years in an ever-changing financial environment."

The mortgages have no higher lending fee and ten per cent capital repayments are allowed each year without penalty.

There is a £199 booking fee and £800 completion fee.

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