2
Feb
Leeds Building Society unveils new fixed-rate mortgage deal
Leeds Building Society has announced that it is launching a new
two-year fixed-rate mortgage product at 3.45 per cent.
This latest deal is available with a loan-to-value (LTV) of up to
60 per cent and there is no penalty for up to ten per cent of
capital repayments on an annual basis.
Borrowers will also not be subjected to a higher lending charge on
the loan, the society revealed.
Similar products with higher LTVs of 75, 80 and 85 per cent are
also available at progressively higher rates.
Kim Rebecchi, sales and marketing director at the organisation,
commented: "Many customers will welcome the ability to budget and
limit their monthly outgoings, particularly existing mortgage
customers who may be coming to the end of their current
deal."
The financial institution has also launched a market-leading
five-year fixed-rate loan at 4.70 per cent up to an LTV of 60 per
cent, with many of the same features as its latest two-year
fixed-rate deal.