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Leeds BS launches five-year fixed rate range with incentives

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  • 16/02/2016
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Leeds BS launches five-year fixed rate range with incentives
Leeds Building Society has launched a range of five-year fixed rate mortgages with incentives, offering loan-to-values (LTV) from up to 65% to up to 85%.

The range includes a five-year fix at 2.50% at up to 65% LTV, 2.65% for up to 75% LTV, 2.69% for up to 80% LTV and 2.94% for up to 85% LTV.

All products come with a £199 fee and a free evaluation and fees assisted legal services for standard remortgages.

Martin Richardson, director of business development at Leeds Building Society, (pictured) said: “Longer term fixed-rate deals are looking increasingly attractive as the likelihood of a change in the Bank Base Rate has receded again.

“With mortgage rates at their current low levels we’re seeing a lot of interest from remortgagors, who can benefit from an extremely competitive rate and the security of fixing their monthly repayments before we enter a rising rate environment,” he said.

He added: “These products are also available for home purchase – the 80% LTV deal at 2.69% is proving particularly popular with borrowers with a larger deposit.”

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