Leeds launches new fixed-rate mortgage

25-Apr-2007

Leeds Building Society has announced the launch of a new fixed-rate mortgage product, which may be of interest to would-be first time buyers.

Available to repeat purchasers and first time home buyers, the new mortgage offers an interest rate of 5.54 per cent, fixed for a period of ten years and is free of any higher lending charges.

To find out more about this mortgage and other mortgages for first time buyers, click here.

"With the recent rise in market rates and the widely-predicted further increase in [interest rates], many borrowers will be looking for ways to protect themselves," said Karen Wint, head of marketing and public relations at Leeds Building Society.

"This product provides certainty at an affordable rate," she added.

The mortgage product is available for borrowing up to a loan-to-value of 90 per cent and borrowers will incur a completion fee of £849 for all loans up to £500,000.

Leeds Building Society offers a number of products, including credit cards and insurance.

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