Leeds Building Society has launched a new competitive 5-year fixed rate mortgage available from only 5.10 per cent.
Furthermore, there is no higher lending charge, a low fixed fee, free in-house legal services for remortgages and 10 per cent capital repayments are allowed each year, without penalty.
Kim Rebecchi, director of sales & marketing said, "This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. These products deliver peace of mind and security, over a large part of a typical mortgage life, at a very affordable rate.
"Market rates are ticking up and we have seen increased coverage in the media relating to fixed rate mortgages increasing. However, good value fixed rates are still available up to 85 per cent loan to value.
"In these uncertain times, with historically low interest rates, we are seeing an increase in the number of customers looking to fix. Therefore, we know that many more mortgage holders will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal."
Date: 17th, June, 2009
Author: Ben Wilkie
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