Leeds Building Society changes mortgage

Date:Tuesday 29th December 2009
Author: Max Freedman

Leeds Building Society has announced it is to make changes to its three-year fixed-rate product.

Customers can now save up to £1,335 by taking out the mortgage, as the £800 completion fee has been dropped, with a standard valuation fee of up to £335 being added to the deal.

Available at a rate of 4.75 per cent for a 60 per cent loan-to-value (LTV), up to 6.24 per cent with a 85 per cent LTV, the mortgage allows capital repayments of up to ten per cent, without incurring any penalty charge.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said "We are delighted to get 2010 off to a great start by discounting our already competitive three-year fixed-rate product range into a January sale mortgage range."

Earlier this month, Leeds Building Society relaunched its five-year fixed-rate mortgage range, with a best buy product available at 4.75 per cent, up to 75 per cent LTV.