Back to April 2015

Competitive new 10 year fixed rate mortgage launched by Leeds Building Society

Borrowers looking to fix their mortgage for the long term have the choice of a new 10 year deal from Leeds Building Society with a competitive rate of 3.64%.

The deal is available up to 80% LTV (loan to value) and permits overpayments of up to 10% each year without penalty.

“Our latest 10 year fixed rate mortgage complements our existing fees assisted 10 year deal, which is available up to 65% LTV with an extremely competitive rate of 3.14%,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

“Mortgage rates are currently at record lows and borrowers who choose a long term fix are giving themselves the security of knowing their monthly repayments for years to come.

“When your mortgage is usually your biggest outgoing each month, fixing your repayments gives you peace of mind and makes it easier to budget for all your other household bills.

“We know 10 year fixed rate mortgages won’t suit everyone but this choice is part of our range of fixed rate deals including two, three and five year terms too, so borrowers can choose the length of time that suits them best.”

Ends

Notes to Editors

10 Year Fixed Rate mortgage at 3.64% up to and including 30th June 2025:

  • Ten Year Fixed Rate mortgage at 3.64% up to and including 30th June 2025, available up to 80% LTV
  • £999 Fee
  • 10% penalty free capital repayments are allowed each year
  • Tapered charges of 6/6/5/5/5/5/4/4/3/2% of the amount redeemed

10 Year Fixed Rate Fees Assisted mortgage at 3.14% up to and including 30th June 2025:

  • Ten Year Fixed Rate mortgage at 3.14% up to and including 30th June 2025, available up to 65% LTV
  • Free standard valuation on properties up to a value of £500,000
  • Fees assisted legal services for standard remortgages.
  • Low £199 Fee
  • 10% penalty free capital repayments are allowed each year
  • Tapered charges of 6/6/5/5/5/5/4/4/3/2% of the amount redeemed

Awards won by Leeds Building Society in the past 12 months include being named ‘Innovator of the Year’ at the Moneywise Magazine Mortgage Awards 2014 for our Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term to free up cash to help them settle into their new home.

The Society scooped the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2015, in addition to being named ‘Best Intermediary Lender’, both for the second consecutive year, and also received the award for ‘Best Use of Technology (Lenders)’.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 31st December 2014). The Society has operated from the centre of Leeds since 1886.