Leeds Building Society has reduced the rate on its 10-year fixed rate mortgage by 0.40%, making it the lowest rate in its sector.
This mortgage is available at 65% loan-to-value and has a rate of 4.19% until 30.11.24. After this date, the rate will revert to an Existing Borrowers Rate of 5.69%.
Applications from first-time buyers, second-time buyers and remortgagors are all welcomed. A booking fee of £199 is payable in order to secure the rates of this mortgage.
The mortgage benefits from an incentive package of free valuation (up to £335) and it also offers a fees assisted in-house legal service for standard remortgages.
Tapered early repayment charges will apply up to and including 31 October 2024, but flexibility is offered by the allowance of capital repayments of 10% each year without incurring a charge. Underpayments and payment holidays are not permitted.
The new slimmed-down rate of this mortgage elbows aside its competitors, making it the lowest rate currently available in its sector. The fee of £199 has also remained low, making this mortgage a very attractive offer.
Four Moneyfacts Stars have been awarded.
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