SimplyBiz Mortgages has launched a new 3-year fixed rate product from Leeds Building Society.
Fixed at 1.95% until 31 October 2019 it is available for loans up to £500,000 with a free standard valuation up to £999 and £300 cashback. Additionally it has tapered early redemption charges of 4%/3%/2% and a £999 arrangement fee and no booking fee.
Martin Reynolds, chief executive of SimplyBiz Mortgages, said: “Post Brexit, longer term fixed rates are becoming more popular as people look to fix for stability. A three year fixed rate at sub 2% is a fantastic rate, and with the added benefits offers flexibility that may be needed in the near future. We are sure our members will welcome this additional product option.”
Jaedon Green, director of product and distribution at Leeds Building Society, added: “We work very closely with SimplyBiz Mortgages and its members and this new exclusive is another example of how we can adapt to the changing market and offer clients new solutions.”
The product is available for both purchase and remortgages.