Leeds slashes rates on five-year fixed mortgages

Tuesday, 20 September 2011 12:09

Leeds Building Society has cut the interest payments across its five-year fixed mortgage range, claiming to provide market leading offers in each loan-to-value (LTV) ratio band.

The 80 per cent LTV option has been reduced by 0.40 percentage points to 3.79 per cent, while the 85 per cent LTV version has been cut by 0.76 percentage points to 4.19 per cent.

Both of these offers also have no higher lending charge and allow ten per cent capital repayments each year without penalty.

The charges on the building society's fees-assisted products have also been cut.

For the 80 per cent LTV product, the rate has been cut by 0.71 percentage points to 4.19 per cent, with the 85 per cent LTV slashed by 0.86 percentage points to 4.59 per cent.

Sales and marketing director Kim Rebecchi commented: "Our market leading five-year fixed rates combine certainty, at a very affordable rate, with the flexibility of ten per cent capital repayments each year.

"The other important factor is that the offers are available up to 85 per cent LTV, thereby accessible to more borrowers."

Use the Myfinances.co.uk comparison tables to find the best deal on a new mortgage

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