Leeds Building Society issues new two-year fixed-rate mortgage

Date:Tuesday 2nd February 2010
Author: Max Freedman

Individuals looking to get on the property ladder now have the choice of a two-year fixed-rate mortgage from Leeds Building Society.

The new product is available with a rate of 3.45 per cent with a 60 per cent loan-to-value (LTV).

It is also on offer with a rate of up to 5.45 per cent for customers looking for an 85 per cent LTV.

All of the products are available with the ability to make ten per cent capital repayments each year without a fee and with no higher lending charge.

To complement the new deals, several fee-assisted products are also being launched, which Leeds Building Society states are ideal for homeowners that are looking to remortgage.

Leeds Building Society's sales and marketing director Kim Rebecchi said: "Many customers will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal."

The institution has also announced a five-year fixed-rate product, which is available from 4.7 per cent with a 60 per cent LTV.