Leeds launches five-year fix through Sesame and PMS

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Leeds Building Society has launched a five-year fixed rate mortgage through PMS members and appointed representatives of the Sesame network.

The product is 2.19 per cent fixed for five years up to 75 per cent LTV. It includes a free standard valuation for customers for properties up to £2m.

The product has no up-front booking fee and a £599 arrangement fee, payable on completion.

Remortgage customers also get money off in-house legal services.

Leeds Building Society head of product and pricing Matt Bartle says: “Borrowers are increasingly looking for longer-term fixed rate deals to take advantage of the current low mortgage rates so we’re pleased to be able to offer this competitive product.

“The incentives are an added attraction, particularly for homeowners looking to remortgage.”

Sesame Bankhall Group senior product manager Rob McCoy says: “Our members have been telling us that they have been sourcing more long-term deals of late, and this will be amongst the most competitive products in the market.

“The combination of the low rate, low arrangement fee and the fee incentives will make it a popular choice with our members.”