Leeds Building Society has unveiled a new ten-year fixed-rate mortgage, which is available up to 75 per cent loan-to-value (LTV) at 4.58 per cent.
In addition, the group has also introduced a deal for borrowers with a smaller deposit in the form of a market-leading arrangement at 80 per cent LTV at 4.79 per cent.
Both these options are fixed up to and including September 30th 2022 and include no higher lending charge.
Kim Rebecchi, sales and marketing director at Leeds – which has 67 branches throughout the UK – explained the organisation is able to offer these two products due to ten-year market rates remaining at historically-low levels, with the plans available for both customers looking to buy a property and those hoping to remortgage.
Ms Rebecchi noted such arrangements serve to lock in value for ten years – a benefit likely to offer greater peace of mind in times of economic uncertainty.
She stated: “I believe these mortgages offer excellent value and will prove extremely popular with customers who are seeking security and value over a longer term.”
