Leeds Building Society cuts mortgage rates

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Leeds Building Society cuts mortgage rates

Leeds Building Society has slashed up to 0.5 per cent off its range of fixed-rate mortgages.

This means a two-year, fixed-rate deal has now gone from 5.75 per cent to 5.25 per cent.

The building society has also launched three new fixed-rate options, starting at 5.99 per cent for an 80 per cent loan-to-value deal.

This rises to 6.49 per cent for a 90 per cent loan-to-value option, with a £999 completion fee up to £500,000.

Over £500,000, the fee is one per cent of the loan.

Karen Wint of Leeds Building Society said the new products offer "very competitive deals" even to those with only a ten per cent deposit.

Leeds Building Society has also launched a range of savings products for the Irish market.

These include one and two-year fixed rates with access and a variable notice account.

Spokesperson Kim Rebecchi said that the society is also investigating the demand for online savings.

Click here for more mortgage news.

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