The Society has launched the 10 year fixed rate product with a competitive rate of 4.49% and a low fee of £199, as well as other benefits to borrowers including a free standard valuation.
The mortgage is up to 65% LTV and borrowers who are remortgaging receive free legal services.
Martin Richardson, Leeds Building Society’s General Manager – 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 and, in addition to the competitive rate of 4.49%, this latest deal includes an attractive package of features, including a low fee of only £199.
“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.”
