View more on these topics

Leeds BS cuts five-year fix by 0.36%

Leeds Building Society has reduced the rate on its five-year fixed rate deal at 80% LTV to bring it under 5%.

The product has had its rate cut by 0.36% to 4.99%, and it comes with a £199 booking fee and a completion fee of £800 for loans up to £500,000, or of 1% for loans over £500,000.

Phil Coombes, head of intermediary sales at Leeds Building Society, says: “We are pleased to reduce the rate on our five-year fix, and provide a competitive deal for those clients looking to lock into the certainty of low fixed repayments.

“This product combines a guarantee, at a very affordable rate, with the flexibility of 10% capital repayments each year. There is also a version available up to 85% LTV at 5.79% for those clients with a slightly smaller deposit available.”

Recommended

1

Shared equity deal will just be a debt trap for first-timers

I read Mortgage Strategy reporter Tessa Norman’s blog about Castle Trust’s shared equity scheme last week and was unimpressed by the deal. It will offer borrowers who have a 20% deposit an additional 20%, so they can access a 60% LTV deal from another lender. When the property is sold or the mortgage term ends, […]

8

Do banks need to kill off the claims firms they created?

The claims management industry was no doubt rubbing its hands with glee when the Financial Services Authority announced that lenders must reimburse those who were mis-sold payment protection insurance.

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]

Newsletter

News and expert analysis straight to your inbox

Sign up