Ten-year mortgage products launched by Leeds

Thursday 23 March 2006

Leeds Building Society has announced the introduction of a range of ten-year mortgage products with high loan to value rates.

The ten-year fixed-rate mortgages offer up to 90 per cent loan to value rates and an interest rate between 4.79 per cent and 5.39 per cent depending on the product.

"These ten-year fixed rates offer outstanding value, with certainty of payments and the flexibility to pay ten per cent of the balance without penalty," said Stuart Fearn, product development manager for Leeds Building Society.

"It is clear that customers want to lock in good value when rates are low enough and this is another ideal opportunity. We know this will be popular as many customers like the certainty of payment offered by this type of product."

Leeds is also offering fee-free versions of both the 80 per cent and 90 per cent loan to value mortgage products, with higher interest rates for these product options.

The products are released with the building society targeting a market that it says is "continuing to show strong demand".


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Ten-year mortgage products launched by Leeds