Leeds BS introduces flexible fixed range
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Leeds Building Society has launched a five-year fixed-rate mortgage range.
The lender says borrowers receive £1,000 on completion, there is no higher lender charge, the mortgage is fully portable and borrowers have the ability to repay an extra 10 per cent of the existing loan per year without penalty.
Sales and marketing director Kim Rebecchi says: “At Leeds Building Society we recognise that many customers prefer certainty and this five-year fixed-rate range compliments our ‘best buy’ three-year fixed-rate deal. It benefits those borrowers who wish to lock into the certainty of low fixed repayments, providing peace of mind and the security that their monthly payments will remain the same for five years, at a very affordable rate.
“Furthermore, we are also offering a £1,000 cash back and the mortgage is also fully portable, so should customers wish to move home, they can take this excellent product with them without penalty.”
The rate of 4.59 per cent is available up to 60 per cent loan to value. There are also versions available at 4.79 per cent between 61 and 80 per cent LTV and 5.49 per cent between 81 and 85 per cent LTV. All versions offer the same cash back and flexibility.
Rebecchi adds: “Many customers will welcome the ability to budget and limit their monthly outgoings, particularly existing homeowners who may be coming to the end of their current deal.”
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