Leeds Building Society slashes ten-year fixed mortgage rate
Tuesday, 22 November 2011 03:09
Leeds Building Society has cut the rate of its ten-year fixed rate mortgage by one per cent, meaning it now stands at a market-leading 4.99 per cent.
It is looking to target borrowers who want the security of set repayments over a longer period of time and is available on a loan-to-value ratio of up to 80 per cent.
This rate will last until February 28th 2022 and does not incur a higher lending charge, plus ten per cent capital repayments are allowed each year.
Leeds Building Society spokesperson Kim Rebecchi said: "This product speaks for itself and delivers peace of mind and security, over a large part of a typical mortgage life, at an affordable rate."
Anyone interested in finding out more about the new product can call into a branch, apply over the phone or visit the company's website.
Leeds Building Society has assets of £9.5 billion and was established in 1886.
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