Leeds Building Society has launched a 10-year fixed rate mortgage at 2.75% to 65% loan-to-value.
Leeds Building Society has launched a 10-year fixed rate mortgage at 2.75% to 65% loan-to-value.
The mortgage, which is available from Thursday, comes with a £1,499 fee and allows overpayments of up to 10% per year.
Martin Richardson, Leeds Building Society’s director of business development, said: “This is the lowest ever 10-year fixed rate mortgage to come on to the market.
“Borrowers who want to give themselves security of repayments for the long-term can take advantage of this extremely competitive rate.
“We expect this mortgage might appeal in particular to homeowners who only have 10-years or so left on their current mortgage term and want to lock in to an exceptionally low rate and fix their monthly repayments for the remainder of their home loan.”
Leeds also offers 10-year fixes at 3.39% to 75% LTV, 3.49% to 80% LTV and 3.89% to 85% LTV.
Charlotte Nelson, finance expert from Moneyfacts.co.uk said: “This 2.75% 10-year fixed rate from Leeds Building Society is the lowest on Moneyfacts.co.uk records.
“Not only does this deal boast a competitive rate it is likely to be a popular choice for borrowers looking for the peace of mind that a 10-year fixed rate mortgage gives.”
