Leeds launches 5-year fixes

Leeds Building Society has launched a selection of fees assisted 5-year fixed rate mortgages including a product at 2.69% to 80% loan-to-value.

Leeds Building Society has launched a selection of fees assisted 5-year fixed rate mortgages including a product at 2.69% to 80% loan-to-value.

Other mortgages stand at 2.50% to 65% LTV, 2.65% to 75% LTV and 2.94% to 85% LTV.

Products come with a £199 fee, a free valuation and fees assisted legal services for remortgagors.

Martin Richardson, Leeds Building Society’s director of business development, said: “Longer-term fixed rate deals are looking increasingly attractive as the likelihood of a change in the Bank Base Rate has receded again.

“With mortgage rates at their current low levels we’re seeing a lot of interest from remortgagors, who can benefit from an extremely competitive rate and the security of fixing their monthly repayments before we enter a rising rate environment.

“These products are also available for home purchase – the 80% LTV deal at 2.69% is proving particularly popular with borrowers with a larger deposit.”