Leeds BS announces the launch of a 10 year fixed rate mortgage at under 3%.
The Leeds Building Society is due to launch what it says is the lowest ever 10 year fixed rate deal. Available from 10th March is a 65% LTV deal offered at 2.75% with a £1,499 fee.
For borrowers concerned about locking into such a long term deal there is the ability to port the mortgage. This means you can sell your home and move taking your mortgage with you.
Early redemption charges are tapered and overpayments of up to 10% are allowed per year.
Other 10 year fixed rate deals are on offer and include a 75% LTV deal at 3.39%, an 80% LTV deal at 3.49% and an 85% LTV deal at 3.89%.
With the rather hefty fee, the advice is to search the market to make a like-for-like comparison against other lenders’ products.
This is often easier said than done as with varying rates, fee, mortgage terms and incentives it can be difficult to make a true comparison.
For this reason enlist the help of a whole of market broker. When you make a call to us at Deal Direct you will be allocated a dedicated broker to search the market on your behalf. The fact we have access to ALL lenders mortgage ranges means you can be certain that you will end up with the best deal market-wide.
We review ALL lenders products so that you don’t have to, we remove the stress and hassle after searching for a low rate mortgage offer.
For advice and a competitive whole of market quote,
call us on 0800 048 8828.
