Leeds Building Society has unveiled a range of five-year fixed-rate mortgages at 65 per cent, 75 per cent and 80 per cent loan-to-value (LTV).
The new rates, available from today (14 November) are as follows:
- 2.59 per cent up to 65 per cent LTV
- 2.84 per cent up to 75 per cent LTV
- 2.94 per cent up to 80 per cent LTV
All come with a free standard valuation up to £335, no higher lending charge and allow 10 per cent capital repayments each year without penalty.
Martin Richardson, Leeds Building Society’s general manager of business development, comments:
“We expect these new five-year deals to appeal to home buyers with a larger deposit or homeowners with at least 20 per cent equity in their property.
“Now could be an ideal time for borrowers to lock into a competitive deal. This time of year is traditionally peak season for remortgaging, and it’s worth homeowners reviewing whether switching to a more competitive deal while rates are low could bring down their monthly repayments or shorten their mortgage term, and provide them with longer-term security of payment over the next five years.”
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