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Leeds & Holbeck launches new ten-year fixed rate

26 August 2005
Leeds & Holbeck has launched a new ten-year fixed rate mortgage set at 4.65 per cent.

The building society believes that this is currently the best deal on the market.

Product development manager Stuart Fearn said: "This ten-year fixed rate offers outstanding value, with certainty of payments and the flexibility to pay ten 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."

Expectations of a further cut in interest rates have been dampened by last week's announcement that core inflation hit its highest level in a decade so Leeds & Holbeck is urging consumers to move fast if they want a competitive fixed rate price.

Its new ten-year product is available for up to 80 per cent loan to value and customers have the option of making an additional 10 per cent of capital repayments each year.

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