Leeds Building Society has reduced the rate on its 5-year fixed rate mortgage by 0.3 per cent up to 75 per cent loan to value (LTV) and by 0.24 per cent up to 80 per cent LTV.
The new rates are 4.49 per cent and 4.75 per cent respectively. Furthermore, there is no higher lending charge and 10 per cent capital repayments are allowed each year without penalty.
Kim Rebecchi, Leeds Building Society’s sales and marketing director said, “We are pleased to reduce the rate on our 5 year fixed, and provide competitive deals for those borrowers 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 per cent capital repayments each year. The other important factor is that it is available up to 80 per cent LTV, making it accessible to more borrowers.”
