CML indicated fixed rate mortgages accounted for 54 per cent of all loans in August-the highest proportion ever since monthly records began in 1998.
It is no surprise, therefore, that the 10-year fixed rate mortgage
from Leeds Building Society at only 4.65 per cent is proving extremely popular with customers.
Jeff Kirk, Corporate Relationship Manager said, "The average fixed rate in August was at 5.23 per cent compared to an average variable rate of 5.61 per cent. Our 10 year fixed rate offers your clients peace of mind, the ability to budget and the flexibility to pay off 10 per cent of the balance each year without penalty.
All this, combined with full portability, meaning a customer can move home and continue to benefit from a fantastic rate of only
4.65 per cent have made this product very attractive."
Jeff continued, "This deal is popular as many clients like the peace of mind offered by this type of product. This is a fantastic opportunity for people to secure a great rate for a long period and I would urge your clients to act quickly to avoid disappointment."
