Leeds Building Society has introduced new five-year fixed rate mortgage products to its range.
The Society is launching a five-year fixed rate product, at 3.25%, available up to 75% LTV tomorrow (14/7) and is also adding a five-year fixed rate product, at 3.34%, available up to 80% LTV.
In addition, the Society is also adding a fee-free, two-year fixed rate mortgage, at 3.49%, available up to 65% LTV.
All three deals come with a free standard valuation and fees assisted legal services for standard remortgages.
Full details are as follows:
- Fixed rate of 3.25% until 30th September 2027
- Available up to 75% LTV
- £999 product fee
- Purchase or remortgage
- Free standard valuation
- Fees assisted legal services for remortgages
- Tapered Early Repayment Charges 5/5/4/3/2%
- 10% capital overpayments permitted each year without penalty
Martese Carton, Leeds Building Society’s director of mortgage distribution, said: “We know from the market trends we are seeing that customers are increasingly looking for longer term fixes.
“When economic circumstances are uncertain, longer term fixes allow borrowers the security of knowing what their repayments will be. So, they can plan their budget knowing that what tends to be their largest monthly outgoing will remain unchanged for the term.
“As a result we’ve introduced new five-year fixed mortgages, to ensure we continue to offer choice to consumers and help meet the needs of their own individual circumstances.”