Leeds Building Society mortgage product released

Date:Thursday 22nd January 2009
Author: Rachel Fletcher

A new Leeds Building Society mortgage deal has been launched, the lender has announced.

The new offer, which is a fixed-rate mortgage of five years' duration, is available for loans-to-value (LTVs) of up to 75 per cent for a 4.99 per cent rate.

If the LTV is 85 per cent, the rate is 5.49 per cent.

The new deal is limited issue.

Spokesperson Kim Rebecchi said that it was a good chance for people who want to make sure their rates stay at below five per cent for the long term.

"For anyone remortgaging to the society, Leeds Building Society will undertake the legal work involved at no extra cost," she added.

The building society had a mortgage sale for the New Year at the end of December.

A new suite of mortgages was released, including deals for for remortgagers and first-time buyers, with rates beginning at 4.75 per cent.

The range included options for buy-to-let borrowers.