Leeds Mortgage 'launched'

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Leeds Mortgage 'launched'

Leeds Building Society has rolled out a new three-year fixed-rate mortgage to provide customers with security of mind over fixed repayments.

The Leeds mortgage provides an interest rate of 5.69 per cent, with no higher lending charges applying to the package.

The package also permits for ten per cent in capital repayments to be paid each year, which Karen Wint, head of marketing & PR at the group, said it would allow for "excellent flexibility".

Ms Wint said that in an environment of rising interest rates, with the Bank of England having most recently raised rates by a quarter point to 5.75 per cent, the Leeds mortgage "will be extremely attractive to many borrowers".

She added: "We have also launched a fee free version for customers who require help with other costs including completion fee, valuation fee and legal fees on remortgages."

For people who want more information on remortgages, customers should call into their local branch, or visit the Leeds Building Society website.