Leeds Three-Year Fixed-Rate mortgage among new range

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Leeds Three-Year Fixed-Rate mortgage among new range

Thu 11th May 2006

A new Leeds Three-Year Fixed-Rate mortgage has been launched today, with a rate of 5.39 per cent until July 31st 2009.

This offer is available at up to 95 per cent loan-to-value (LTV) and has a £595 completion fee for loans up to £500,000.

It can also be taken up without having to pay any fees, but with a higher interest rate of 5.89 per cent. Unlimited capital repayments are allowed on the fixed-rate mortgage, on both the fee-free and regular option, and there are no early repayment charges.

A flexible offer was also announced with a 1.51 per cent discount, giving it a current rate of 4.99 per cent, or a rate of 5.49 per cent on the fee-free equivalent offer.

Borrowers can also take up a tracker product that will run at 0.49 per cent above the Bank of England rate for three years or 0.99 per cent above for the fee-free option.

"We are constantly trying to offer customers a choice of competitive products, combined with a range of features and options to enhance flexibility," said Stuart Fearn, product development manager at Leeds.

"We always try to provide a choice of mortgages and with market rates recently increasing many customers may wish to lock in value. The three-year fixed-rate enables them to do this and provides peace of mind, with guaranteed repayments."

The Leeds Three-Year Fixed-Rate mortgage and other announced offers are all available with no higher lending charges for up to 90 per cent LTV. Full product details can be found on the building society's website.