Leeds launch 10-year fix at 4.58pc
Phil Coombes, Leeds head of intermediary sales, said: “With 10-year market rates at historically low levels, we are able to offer these long-term market leading fixed rate mortgages from only 4.58%.
“The products are available for both purchases and remortgages and clients can lock-in value for a decade which, in the current economic environment, delivers security and peace of mind at a very low rate.
“Furthermore, there is no higher lending charge and clients can pay off 10% of capital each year, without penalty. The mortgages are also fully portable should a borrower wish to move home during the term, providing even greater flexibility.
“I believe these mortgages offer excellent value and will prove extremely popular with clients who are seeking security and value over a longer term.”
Leeds has assets of £10bn (as at 30 June 2012) and 67 branches throughout the UK, Gibraltar and Ireland. The society has operated from the centre of Leeds since 1886.