Leeds Building Society fixed-rate mortgage 'may help people budget'

Date:Wednesday 17th November 2010
Author: Susanna Kavka

Consumers have been advised that a new Leeds Building Society fixed-rate mortgage could help them handle their household finances.

This is the opinion of sales and marketing director Kim Rebecchi, who pointed out that mortgage payments are often the biggest monthly outgoing, so fixing the price could add some certainty to the situation.

She made her comments after the firm unveiled a five-year fixed-rate mortgage at 3.89 per cent interest for up to 75 per cent loan to value (LTV).

The arrangement is also available at up to 80 per cent and 85 per cent LTV, but the interest goes up to 4.49 per cent and 4.69 per cent respectively.

"Leeds Building Society is offering truly market-leading products, based on both interest rate and LTV," said Ms Rebecchi.

This week, the company announced the appointment of Les Platts as a non-executive director.

Mr Platts revealed he is "delighted" to be joining the team.