Leeds BS launches 3.75% three-year fix
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Leeds Building Society is launching a new three-year fixed at 3.75% and 75% LTV.
The new product will contain the facility to redeem up to 10% of the capital each year without penalty.
And there is no higher lending charge and the mortgage is fully portable.
Kim Rebecchi, sales and marketing director at Leeds BS, says interest rates can not stay low forever and many households want the security of a fixed rate.
He says: “It provides customers with peace of mind and the security that their monthly payments will remain the same for three years, at a very affordable rate, combined with the flexibility of 10% capital repayments each year.
“Furthermore, the mortgage is also fully portable, so should customers wish to move home, they can take this excellent product with them without penalty.”
Kim adds that existing homeowners at the end of current deals will particularly welcome the deal.
There is also a version available at 4.5% for between 76% to 80% LTV.
