Leeds Building Society five-year fixed-rate mortgage 'offers security'

Date:Friday 27th August 2010
Author: Susanna Kavka

The new Leeds Building Society five-year fixed-rate mortgage is ideal for people who want to lock in to a competitive rate over a significant period of time.

This is the opinion of sales and marketing director at the organisation Kim Rebecchi, who suggested interest rates cannot stay low forever.

She pointed out that fixing over a period of five years offers customers a degree of security regarding their monthly payments, particular since there have been signs of a potential rise in the base rate recently.

Ms Rebecchi said: "Andrew Sentence, a member of the Monetary Policy Committee, has voted for an increase to Bank base rate of 0.25 per cent at the last three meetings."

The Leeds Building Society five-year fixed-rate mortgage is available at 3.94 per cent interest at up to 60 per cent loan to value.

This month, the firm won the award for best regional branch network at the Your Money Direct Awards.