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Competitive new 10 year fixed rate mortgage from Leeds Building Society

Leeds Building Society is reducing the rate of one of its longer term fixed rate mortgages to give more choice to borrowers looking to fix their repayments for the longer term.

On Friday 5th September, the Society will cut the rate of its 10 year fixed rate mortgage up to 65% LTV (loan to value) to 4.19%.

This deal comes with a low fee of £199 and additional benefits including a free standard valuation up to £335 and fees assisted in-house legal services for remortgages.

The Society also offers a competitive 10 year fixed rate deal at 4.39% up to 80% LTV.

"Fixing your mortgage for the longer term has become more attractive in the current uncertain interest rate environment and both these deals offer competitive rates," said Martin Richardson, Leeds Building Society's General Manager - Business Development.

"Borrowers who choose a longer-term fix have the security of knowing exactly what they will be paying on their mortgage each month for some time into the future. As this is generally their largest regular outgoing, it helps them in planning the rest of their household budget.

"We expect the 4.19% 10 year deal to appeal particularly to homeowners with sufficient equity who are looking to remortgage.

"In addition to a competitive rate, it comes with a low fee and benefits including a free standard valuation up to £335 and fees assisted in-house legal services for remortgages, to minimise the cost to the borrower of making the switch from their current mortgage."

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.

10 Year 4.19% Fees Assisted Fixed Rate mortgage up to and including 30th November 2024:

  • 10 Year Fees Assisted Fixed Rate mortgage up to and including 30th November 2024, at 4.19% available up to 65% LTV
  • £199 Booking Fee
  • No Completion Fee
  • Free standard valuation up to £335
  • Fees assisted in-house legal services for standard remortgages
  • Tapered early repayment charges of 6/6/5/5/5/5/4/4/3/2% of the amount redeemed
  • 10% capital repayments allowed each year

10 Year 4.39% Fixed Rate mortgage up to and including 30th November 2024:

  • 10 Year Fixed Rate mortgage up to and including 30th November 2024, at 4.39% available up to 80% LTV
  • £199 Booking Fee
  • £800 Completion Fee
  • Tapered early repayment charges of 6/6/5/5/5/5/4/4/3/2% of the amount redeemed
  • 10% capital repayments 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.