‘Outstanding’ rating for lowest-ever ten-year fix at Leeds BS

15th March 2016

The lowest ever ten-year fixed-rate mortgage recently launched by Leeds Building Society has been rated ‘outstanding’ by Moneyfacts.co.uk.

The deal is available up to 65% loan-to-value (LTV), allows overpayments of up to 10% per year and comes with a fixed £1,499 fee. It is on offer to purchase and remortgage customers.

“This is an exceptional opportunity for borrowers to give themselves security of repayments at the lowest-ever long-term fixed rate, with the opportunity to port during the term if they need to,” said Martin Richardson, Leeds Building Society’s director of business development.

Richardson added: “A ten-year fix will always be a niche product, but when the rate is lower than that borrowers were recently able to secure for a five-year deal, it’s an interesting proposition.”

Charlotte Nelson, finance expert at Moneyfacts.co.uk, said: “This 2.75% ten-year fixed rate from Leeds Building Society is the lowest on Moneyfacts.co.uk records.

“Not only does this deal boast a competitive rate it is likely to be a popular choice for borrowers looking for the peace of mind that a ten-year fixed-rate mortgage gives.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.