Leeds BS launches three-year fix
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Leeds Building Society has launched what it claims to be the only three-year non-locked-in fixed rate mortgage product in the market.
The deal is available at only 5.15% and up to 80% loan-to-value, while it allows unlimited capital repayments to be made at any time without penalty and includes a free valuation.
Kim Rebecchi, sales and marketing director at Leeds Building Society, says the product has fixed mortgage fees of £699 and there is no higher lending charge, meaning borrowers will find it easier to budget effectively.
She says: “They benefit from security in the medium term and avoid being locked in so if their circumstances do change, they have complete flexibility.
“This type of mortgage, with a fixed rate but non-locked in, is proving more popular and I would urge customers to act quickly to avoid disappointment.”
Rebecchi adds: “This product delivers certainty, peace of mind and flexibility.”
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