Leeds Building Society has trimmed the rate on its five-year fixed mortgage by 0.04%, edging it into the charts and earning it an 'excellent' rating as a result.
This mortgage now has an attractive rate of 2.55% fixed until 31.7.21. It is available at a loan-to-value (LTV) of 80% and has a fee of £999.
All borrowers with a 20% deposit are welcome to apply for this deal. There may be no incentives accompanying it, but it does have the flexibility to make overpayments of up to 10% of the outstanding balance and take lump sum withdrawals, provided certain conditions are met.
The appeal of this mortgage has definitely been heightened by this latest tweak to its rate. Now sitting comfortably in the charts, this deal also offers borrowers with the right deposit some welcome flexibility in terms of repayments, which has secured it an 'excellent' rating.
Moneyfacts rating: Excellent
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