New Leeds Building Society mortgages launched

Date:Thursday 28th May 2009
Author: Susanna Kavka

A new mortgage product has been released by Leeds Building Society.

The lender has launched a two-year fixed-rate offering at 3.4 per cent with no higher lending charge.

In addition, ten per cent capital repayments are allowed each year without penalty.

The product is available up to 75 per cent loan-to-value (LTV), while there is also a version up to 80 per cent LTV which is charged at 4.99 per cent.

Director of sales and marketing at Leeds Building Society Kim Rebecchi said: "The product speaks for itself and delivers peace of mind and security, combined with the flexibility of ten per cent capital repayments each year at a very affordable rate."

The home loan is also "fully portable" should a borrower wish to change their residence, she added.

Recently, Alliance & Leicester launched a new three-year fixed-rate mortgage aimed at first-time buyers. It is available at LTVs of up to 85 per cent.