The Leeds Building Society is adding two new five-year fixed rate mortgages tomorrow (14 August) to its range.
The pair of deals are as follows:
Fees assisted five-year fixed rate up to and including 31 October 2019
- 3.64% available up to 80% LTV
- £199 Booking Fee
- £200 Arrangement Fee
- Free standard valuation up to £335
- Fees assisted in-house legal services for standard re-mortgages
- Tapered early repayment charges of 5/5/4/3/2% of the amount redeemed
- 10% capital repayments are allowed each year
Five Year Fixed Rate up to and including 31 October 2019
- 3.54% available up to 75% LTV
- £199 Booking Fee
- £400 Arrangement Fee
- Tapered early repayment charges of 5/5/4/3/2% of the amount redeemed
- 10% capital repayments are allowed each year.
“With the low fee and benefits including a free valuation and legal services, the market-leading 3.64% deal is likely to appeal in particular to homeowners who are looking to remortgage,” said Martin Richardson, Leeds Building Society’s general manager – business development.
“They may be able to save money by remortgaging to a more competitive rate and this option minimises their upfront costs.
“Borrowers fixing their mortgage for five years have the security of knowing their monthly repayments for that period and are protecting themselves against future interest rate rises.”
