Leeds cuts rates on fixed rate mortgage deal

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Leeds cuts rates on fixed rate mortgage deal

Homeowners struggling to keep up with rising mortgage rates in the difficult economic climate could benefit from reductions from Leeds Building Society.

The lender has announced plans to cut the fees on its five-year fixed-rate mortgage by 0.3 per cent in a bid to help prospective borrowers.

Available on products with 75 per cent loan to value (LTV), customers can also take advantage of a 0.24 per cent reduction on 85 per cent LTV offers.

Kim Rebecchi, sales and marketing director at Leeds Building Society, has urged members of the public to consider the benefits of the latest deals in a bid to save money.

She added: "This product combines a guarantee, at a very affordable rate, with the flexibility of ten per cent capital repayments each year … making it accessible to more borrowers."

The building society today (June 29th) unveiled its new one-year fixed-rate Isa, which allows savers access to 25 per cent of the funds without penalty.

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