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Leeds BS launches 10-year fix at 4.49%

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  • 23/01/2014
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Leeds BS launches 10-year fix at 4.49%
Leeds Building Society has launched a 10-year fixed rate mortgage at 4.49% up to 65% loan-to-value with a £199 fee.

The product comes with a free valuation and for remortgage customers it comes with free legal services.

Tapered early repayment charges apply to the product which start at 6% reducing to 2% by the end of the fixed term. Capital repayments of 10% are allowed each year.

Martin Richardson, general manager of business development, said: “Mortgage rates are at historic lows and we know borrowers are looking to fix for the longer term.

“Leeds Building Society is one of the very few lenders to offer a 10-year fixed rate mortgage through intermediaries. 

“We expect the opportunity to fix for the longer-term to appeal particularly to borrowers who have only 10 years or so left on their current mortgage term and want to fix their monthly repayments and enjoy the peace of mind this gives them for the remainder of the life of their home loan.”

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