Leeds BS launches flexible five-year fix
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Leeds Building Society is launching a five-year fixed rate mortgage range that allows 10% of the capital to be repaid every year, without penalty.
The deal has no higher lending charge, £1,000 cash back and is also fully portable so customers can take the product with them if they move.
Kim Rebecchi, sales and marketing director at Leeds, says: “We know that interest rates cannot stay this low forever.
“So it benefits those borrowers who wish to lock into the certainty of low fixed repayments, providing peace of mind and the security that their monthly payments will remain the same for five years.”
The rate of 4.59% is available up to 60% LTV and there are versions of 4.79% between 61% and 80% LTV and 5.49% between 81% and 85% LTV.
All deals offer the same cash back and flexibility.
Kim added, “Many customers will welcome the ability to budget and limit their monthly outgoings, particularly existing homeowners who may be coming to the end of their current deal.”
