Starting at a rate of 4.65 per cent, Leeds’ ten-year fix rate is available up to 80 per cent LTV with no higher lending charge and the ability to make added capital repayments of up to 10 per cent in each year of the deal.
As the Christmas period draws closer Jeff Kirk, corporate relationship manager at Leeds, was certain that borrowers will be looking for ways to restructure their mortgage and cut outgoings while retaining peace of mind: “This ten-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.”
Britannia has announced that its rates have been reduced to 4.74 per cent while reverting to the Society’s SVR (currently 6.35 per cent) at the end of the ten-year deal.
Commenting on the pro-duct change, Lise Bulloch, consumer PR manager, at Britannia said: “We were able to secure a good tranche on the money markets through our treasury function and this represents a great rate over a long period of time.”
