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Leeds poised to cut 10-year fixed rate

Samantha Partington
Written By:
Samantha Partington
Posted:
Updated:
12/02/2015

Leeds Building Society is set to cut the rate of its 10-year fixed rate mortgage to 4.19% from loan-to-values (LTV) up to 65%, this Friday.

The deal comes with a fee of £199, a free standard valuation up to £335 and an assisted fee option for in-house legal services for remortgages.

At 80%, borrowers can access a 10-year fixed rate deal at 4.39%.

Martin Richardson, general manager, business development, Leeds Building Society, said: “Fixing your mortgage for the longer term has become more attractive in the current uncertain interest rate environment and both these deals offer competitive rates.

“Borrowers who choose a longer-term fix have the security of knowing exactly what they will be paying on their mortgage each month for some time into the future. As this is generally their largest regular outgoing, it helps them in planning the rest of their household budget.”

 


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