New mortgage available from Leeds Building Society

Date:Monday 30th November 2009
Author: Susanna Kavka

A new two-year fixed rate mortgage has been launched by Leeds Building Society.

The loan is available with a rate of up to 3.79 per cent on a 60 per cent loan-to-value (LTV). In addition, there is no higher lending charge and ten per cent capital repayments are permitted annually without a penalty.

Consumers looking for a lower deposit can take advantage of an 85 per cent LTV with a rate of 5.69 per cent. A rate of 4.09 per cent is also on offer with a LTV of 75 per cent. All three rates are available until February 29th 2012.

Kim Rebecchi, director of sales and marketing with the building society, said: "This product delivers customers with the peace of mind and security that their monthly payments will remain the same for two years."

Earlier in the month, Leeds made a five-year best-buy buy-to-let mortgage available, which offers holders a fixed-rate of up to 6.29 per cent on a 65 per cent LTV.