Leeds Building Society fixed-rate mortgage range brings "peace of mind"

Date:Friday 12th March 2010

Martin Richardson, general manager for marketing and business development, stated that the range started from 4.25 per cent and suggested that borrowers would appreciate budgeting with their fixed monthly payments.

He added: "Furthermore, all the products are fully portable so if customers do wish to move during the term they can take the mortgage with them."

The building society has also launched a new five-year mortgage rate with no higher lending charge and a ten per cent capital repayment.

According to the Primelocation.com Prime Index, the average cost of a property in the UK was £449,095 in February, which is a fall of 0.3 per cent from prices in January.

However, prime and platinum property prices performed much better, increasing by 4.5 per cent on January and 17 per cent over the last 12-month period, which brings them close to pre-credit crunch stock levels.