Leeds launches new three-year deal

A new three-year fixed-rate mortgage at 3.45% is on the market from Leeds Building Society.

The rate can be taken by borrowers who are able to pay a deposit of at least 25% of a property's value. A rate of 3.89% is available for 80% LTV deals and a rate of 5.29% is available for 85% LTV deals.

There is no higher lending charge and capital repayments of 10% can be paid each year on the mortgage.

If borrowers wish to take out a fees-assisted version of the deal, with free valuations and legal services for standard re-mortgages, rates of 3.95% are available for up to 75% LTV, 4.39% is available up to 80% LTV and 5.79% up to 85% LTV.

Kim Rebecchi, Leeds Building Society's sales and marketing director said: "These products provide a great opportunity to secure a fixed rate now, combined with certainty of payments and peace of mind.

"The three-year term gives people the best of both worlds, as customers have security in the medium term but avoid being locked in for a long period. We have also unveiled fees assisted versions of the three-year product, coupled with free valuations and legal services."

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