Leeds BS releases a low fee 10 year fixed rate mortgage.
With several lenders having raised their 3 and 5 year fixed rates this week, it is positive news for borrowers that the Leeds is offering a highly competitive 10 year fix.
If you can fix for 10 years it takes a lot of uncertainty out of home-ownership. There is no need to remortgage so often which saves you a lot on fees and you have 10 years to feel secure about interest rate fluctuations.
For those with a 35% deposit the Leeds is offering a 65% LTV mortgage at a rate of 4.49% which is fixed until April 2024. The fee is set very low too at just £199. Customers who are looking to remortgage receive the added bonus of free legals.
A spokesperson for the lender has advised that this new longer term fixed rate mortgage is expected to prove popular among home-owners with 10 years left on their mortgage.
If you are looking for a longer term fix it pays to review all your options, by searching the market it may be possible to find a more affordable deal.
To review all products market-wide to find the most competitive mortgage for your deposit level speak to an independent 'whole of market' broker.
For the most affordable deals and for access to lenders mortgage 'specials' call an adviser at Deal Direct on 0800 048 8828.
For the best mortgage for your deposit call to us today.
0800 048 8828.
