Best Buy 10-Year Fixed from Leeds & Holbeck
With the Bank of England announcing last week that core inflation was at its highest for a decade, the widely held view from many market commentators that there would be another base rate cut by the end of the year seems to be
receding.
This, combined with many mortgage providers pulling their existing fixed rates and replacing them with higher priced deals, means that customers who need the certainty of monthly payments need to look now to get the right deal.
With this in mind, Leeds & Holbeck Building Society, which changes its name to Leeds Building Society on 12 September, has launched a best buy 10-year fixed rate at only 4.65 per cent. The product is available up to 80% loan to value and there is no higher lending fee payable.
There is also the added flexibility of 10% capital repayments allowed each year.
Jeff Kirk, corporate relationship manager said, "The mortgage market is usually very busy in September, with many customers looking to restructure their mortgage to a cheaper rate or move into a new home before Christmas.
This 10-year fixed rate offers outstanding value, with certainty of payments and the flexibility to pay 10 per cent of the balance without penalty. We know this will be popular as many customers 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."
