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Competitive new five year fixed rate mortgages from Leeds Building Society

Borrowers seeking protection against future interest rate rises are being offered more choice with competitive new five year deals from Leeds Building Society.

The Society is launching two new five year deals on Thursday, 14th August to add to its portfolio of fixed rate mortgages:

  • 3.64% available up to 80% LTV (loan to value) with a free standard valuation up to £335, free in-house legal services for remortgages and a £399 fee; and
  • 3.54% available up to 75% LTV with a £599 fee.

"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."

Ends

Notes to Editors

To discuss a new case with one of our mortgage development team, mortgage introducers should go to www.leedsintroducer.co.uk to find details of their nearest Business Developer contact.

Fees Assisted 5 Year Fixed Rate up to and including 31 October 2019

  • 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

  • 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.

Leeds Building Society has won three awards for innovation so far this year, having been named 'Innovator of the Year' at the Moneywise Magazine Mortgage Awards 2014 for its Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term so they can free up cash to help them settle into their new home.

The Society also scooped the 'Mortgage Innovation Award' and was named 'Most Innovative Personal Finance Provider' at the Moneynet Personal Finance Awards 2014.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 30 June 2014). The Society has operated from the centre of Leeds since 1886.