Leeds Building Society three-year fixed-rate mortgage launched

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Leeds Building Society three-year fixed-rate mortgage launched

Thu 7th Dec 2006

The Leeds Building Society three-year fixed-rate mortgage has been introduced for customers seeking "peace of mind", a spokesperson has said.

With an interest rate of 5.29 per cent up to and including February 28th 2010, the Leeds Building Society three-year fixed-rate mortgage enables customers to make ten per cent capital repayments per annum without incurring a penalty as a result.

Available up to 95 per cent loan-to-value, the product also requires no higher lending charge.

Karen Wint, head of marketing and PR, stated: "Some customers who currently have discount or tracker mortgages may be concerned about what will happen to their monthly payments if interest rates continue to rise."

"This product protects them against any increases and provides excellent peace of mind," she continued.

A completion fee of £750 is required when purchasing the Leeds Building Society three-year fixed-rate mortgage when the price is anything up to £500,000 and early repayment charges are tapered dependent on the individual case.

Leeds Building Society was established in 1875 and was awarded best building society at the Mortgage Magazine award ceremony this year.

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