LBS launches new low-fee 10 year fixed rate mortgage
Borrowers wanting to fix their monthly repayments for longer term security have more choice with a competitive new 10 year fixed rate mortgage with low fees from Leeds Building Society.
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 (loan to value) and borrowers who are remortgaging benefit from free legal services.
“Mortgage rates are at historic lows and we know borrowers are looking to fix for the longer term,” said Kim Rebecchi, Sales & Marketing Director at Leeds Building Society.
“Our new 10 year fixed rate mortgage has a competitive rate and other attractive 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.”
For more information, customers can call into their local branch.
Alternatively call the Society’s mortgage hotline, on 08450 540 994, where qualified mortgage advisors are available seven days a week from 8am to 8pm in the North East-based call centre.
Notes to Editors
10 Year 4.49% Fixed Rate Mortgage up to and including 30 April 2024:
- Maximum 65% LTV.
- Interest rate fixed at 4.49% until 30/04/2024.
- £199 Booking Fee.
- No Completion Fee.
- Free standard valuation up to £335.
- Free 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 are allowed each year.
- Maximum loan of £500,000.
Leeds Building Society has assets of £10.8bn (as at 30 June 2013) and 67 branches throughout the UK, Gibraltar and Ireland. The Society has operated from the centre of Leeds since 1886.