MortgagesOct 22 2014

Mortgage Intelligence introduce 85% LTV fixed deal

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Mortgage Intelligence Holdings has launched a 3.79 per cent 5-year fixed mortgage product, available up to 85 per cent loan-to-value with Leeds Building Society.

The deal is fixed until 31 December 2019 and available for remortgages only, with a £599 arrangement fee, free valuation and fee-assisted legal services.

It is open to all appointed representatives of Mortgage Intelligence Holdings.

Sally Laker, managing director at Mortgage Intelligence, said: “With the continual threat of a rate increase this is a great product at a time when rates are incredibly low with the added certainty of five years at 3.79 per cent.”

Martin Richardson, general manager for business development at Leeds Building Society, commented: “Borrowers seeking longer-term security of payment over the next five years have the opportunity to lock into a competitive deal while rates are low.

“Autumn is traditionally a busy time for remortgaging and homeowners may want to review whether switching will bring down their monthly repayments or help to reduce their mortgage term.”

peter.walker@ft.com