Leeds Building Society adds new five-year mortgages

Leeds Building Society has introduced new five-year fixed rate products to its mortgage range.

The company is adding a five-year, 3.25% fixed-rate product available up to 75% loan-to-value (LTV) as well as a five-year, 3.34% fixed-rate product available up to 80% LTV. Both come with a £999 product fee.

In addition, it is launching a no-fee two-year fixed rate mortgage at 3.49%, available up to 65% LTV with no product fees.

All three offers are available from July 14 and come with a free standard appraisal and assisted legal services for standard mortgages.

Martese Carton, Director of Mortgage Distribution, Leeds Building Society, said: “We know from market trends that customers are increasingly looking for longer term solutions.

“When economic circumstances are uncertain, longer-term solutions allow borrowers to know with certainty what their repayments will be. So they can plan their budget knowing that what tends to be their biggest monthly expense will stay the same for the term. »

“As a result, we have introduced new five-year fixed rate mortgages, to ensure that we continue to offer consumers choice and meet the needs of their own personal circumstances.

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