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Leeds rolls out five-year fix
The pros of locking into a fixed-rate deal for a five-year period outweigh the disadvantages, Leeds Building Society has claimed.
Leeds has rolled out a five-year fixed rate from 3.94 per cent for 60 per cent loan to value (LTV) deals.
Leeds said it expected rates to rise by the end of the year. It pointed out that Andrew Sentance, a member of the Monetary Policy Committee, had voted for an increase to base rate of 0.25 per cent for three consecutive months.
Other available five-year fixed includes a 4.59 per cent deal for 61-80 per cent LTV and a 5.39 per cent rate from 81-85 per cent LTV.
Leeds also has two and three-year deals available. A two-year fixed rate is available at 2.99 per cent for 75 per cent LTV, a 3.75 per cent deal is on offer for 76-80 per cent LTV and a 5.29 per cent LTV is available with an 81-85 per cent LTV.
Three-year fixed deals are available at 3.65 per cent, up to 75 per cent LTV, 4.5 per cent for 76-80 per cent LTV and a 5.29 per cent deal for 81-85 per cent LTV.
All the deals come with a £199 booking fee and £800 completion fee. The rates include a 0.24 per cent discount if homecover insurance is taken at the same time.
