Leeds Building Society unveils new 5-year mortgage

Tuesday, 02 February 2010 12:00

Leeds Building Society has extended its five-year fixed-rate mortgage range with a new 4.7 per cent interest product.

The new deal is available to customers looking for loans of up to 60 per cent of their property's value.

However, customers with loan-to-value ratios of 80 per cent or 85 per cent can take advantage of two other new rates being unveiled today at 4.85 per cent and 5.7 per cent respectively.

Kim Rebecchi, sales and marketing director for Leeds, said: "All these new deals have no higher lending charge and allow ten per cent capital repayments each year without penalty."

And she revealed that, to complement the deals, Leeds was also launching a range of 'fee assisted' products, ideal for remortgages, which offered free standard valuations, free in-house legals and reduced fees.

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