New Fixed Rate Mortgage From Leeds Building Society

A new 5 year fixed rate mortgage has been launched by Leeds Building Society with a market leading interest rate.

The new fixed rate mortgage has a rate of 3.94% and allows customers to lock in to both certainty and value on their mortgage product.

Kim Rebecchi, Sales and Marketing Director said, “We know that interest rates cannot stay this low forever. Andrew Sentence, a member of the Monetary Policy Committee, has voted for an increase to Bank Base Rate of 0.25% at the last three meetings.”

She added “we recognise that many customers prefer certainty and this market leading 5-year fixed rate range compliments our highly competitive 3-year fixed rate deal.”

There’s a £199 booking fee and £800 completion fee. The rate includes a 0.24% discount for taking the Society’s Homecover insurance – required until 30 November 2015. If Homecover is not taken at any time, 0.24% discount will not apply.

Whilst the fixed rate of 3.94% is available on a mortgage with LTV up to 60%, Leeds are also offering

• 4.59% on mortgages with LTV between 61% and 80%
• 5.39% on mortgages with LTV between 81% and 85%

The fixed rate mortgages are fully portable should customers wish to move home and 10% capital repayments are allowed each year without incurring an early redemption penalty.

For more information, customers can call into their local branch, apply online at www.leedsbuildingsociety.co.uk or call the Society’s mortgage hotline.