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.”