New fix launched by Leeds at 85% LTV

New fix launched by Leeds at 85% LTV



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Leeds Building Society yesterday announced the launch of its new 5-year fixed rate mortgage, available at up to 85% LTV. 

The new product is available from only 5.35%, although this is for borrowers with a 25% deposit, the interest rate rises to 5.75% for 85% LTV deals. 

 

However, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

 

Kim Rebecchi, director of sales and marketing at Leeds, has said that the fixed products “deliver peace of mind and security” at an affordable rate, adding: “In these uncertain times, with historically low interest rates, we are seeing an increase in the number of customers looking to fix. Therefore, we know that many more mortgage holders will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal.”  

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