Leeds mortgage costs cut

Date:Friday 30th January 2009
Author: Rachel Fletcher

Leeds Building Society mortgage costs have been reduced on a three-year, fixed-rate deal.

In addition, fee-free options are available.

Leeds Building Society recently released a five-year, fixed-rate mortgage deal without completion or application fees.

Rates on the deal begin at 4.99 per cent for a loan-to-value (LTV) of up to 75 per cent.

For LTVs up to 85 per cent, the rate is 5.49 per cent.

It lasts until April 30th 2014.

Kim Rebecchi, director of sales and marketing at the company, said that it was "a great opportunity for those people who wish to lock into the long-term certainty of repayments at a rate of under five per cent and pay no completion fee."

She also noted that as interest rates are low, it is advisable for people to take fixed-rate deals.

The mortgage products are of limited availability and can be accessed within branches of the society.