Leeds BS has reduced selected rates across its fixed mortgage range, with its five-year option cut by 0.11%. Combined with a reasonable fee, this has propelled the deal to the top of the Moneyfacts Best Buy charts for its sector.
This five-year mortgage now has a rate of 2.04% fixed until 31.10.21, the lowest rate in its sector. It's available at a loan-to-value (LTV) of 65% and comes with a fee of £999.
The deal is offered to all borrowers with the necessary deposit, and gives borrowers the chance to make overpayments and lump sum payments to reduce their mortgage balance.
The rate cut to this mortgage means it now offers the lowest rate in its sector. Taken together with the reasonable fee and flexibility in overpayments, it fully deserves its Outstanding rating.
Moneyfacts rating: Outstanding
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