Leeds Building Society re-launches fixed-rate mortgage

Date:Thursday 3rd December 2009
Author: Susanna Kavka

Leeds Building Society is to re-launch its five year fixed-rate mortgage.

The loan is available as a best buy product, with a rate of 4.75 per cent and a loan-to-value (LTV) of up to 75 per cent.

For those looking for a higher LTV, there is an 85 per cent product with a rate of 5.5 per cent.

Additionally, there is no higher lending product with the mortgage and penalty-free repayment of up to ten per cent a year are permitted.

Kim Rebecchi, director of sales and marketing at Leeds Building Society said: "These offers are great news for borrowers looking to take advantage of the low levels of interest rate, and provide customers with the security that their monthly payments will remain the same for five years."

This new five-year product comes after the building society made available a two-year fixed-rate with a rate of 3.79 per cent last month.