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Building Society launches new fixed rate mortgage
Wed, 03 Feb 2010
Leeds Building Society has announced the launch its new five-year fixed rate mortgage at 4.70 per cent.

The new offer promises that consumers will incur no higher lending charge and ten per cent capital repayments are allowed each year without any penalty.

In addition, the building society has also launched a mortgage at 4.85 per cent up to 80 per cent loan to value (LTV) and 5.70 per cent up to 85 per cent LTV.

Kim Rebecchi, Leeds Building Society's sales and marketing director, explained that the new mortgage products provide some stability in an uncertain economic climate.

She said: "These offers are great news for borrowers looking to lock in value and provide customers with the security that their monthly payments will remain the same for five years in an ever changing financial environment."

Meanwhile, a recent survey of brokers found that the majority believe this year will be positive for the mortgage market .

Platform's Intermediary Outlook Survey shows that 66 per cent of intermediaries think 2010 will be better than last year.

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