Leeds launches 4.99% fixed-rate mortgage
Leeds Building Society this week launched two new fixed-rate mortgage products designed to offer customers ‘security’ and ‘peace of mind’.
Five year and ten year fixed-rate deals were launched by the building society, with interest rates from 4.99%.
Additional features include no higher lending charge, penalty free capital repayments of up to 10% per annum, and full portability should the mortgage holder wish to move home.
Both mortgages carry a £199 booking fee, and on the 10 year deal there is also an £800 completion fee.
The five year deal is available on loan-to-value (LTV) of up to 85%.
Kim Rebecchi, Leeds director of sales and marketing, said the mortgages are aimed at “those borrowers who wish to lock into the certainty of low fixed repayments.”
She added: “These products deliver peace of mind and security, over a large part of a typical mortgage life.”