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Now L&H claims cheapest 10-yr fix

Leeds & Holbeck Building Society is offering what it claims to be the cheapest-ever 10-year fixed-rate mortgage at 5.25 per cent.

The rate follows rival Yorkshire Building Society unveiling what it claimed to be the lowest flexible 10-year fix at 5.44 per cent last week.

The L&H rate is only available to clients taking its Homecover insurance, otherwise the rate rises to 5.49 per cent.

Maximum loan to value is 95 per cent loan. Completion fee is £399. Capital repayments can be made of up to 10 per cent a year. Early repayment charges range from six months&#39 interest at an SVR of 5.75 per cent in the first three years to two months&#39 interest in the final year.

Procuration fee is £125 up to £59,999 and 0.25 per cent of the loan over £60,000.

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