Leeds Building Society launches new fixed-rate mortgage
Leeds Building Society has announced the launch of a new fixed-rate mortgage.
The new two-year offering will charge interest at a rate of 3.4 per cent and enables borrowers to make ten per cent capital repayments each year without incurring any penalty.
Although the 3.4 per cent interest rate is only available to borrowers looking for a loan-to-value (LTV) ratio of 75 per cent, Leeds Building Society announced it will also offer a two-year fixed-rate mortgage with an LTV ratio of 80 per cent, charging 4.99 per cent interest.
Kim Rebecchi, director of sales and marketing for the mortgage provider, said: "This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments."
Leeds Building Society, which traces its origins back to 1845, currently has 70 branches throughout the UK and manages around £10 billion-worth of assets.
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