UK financial services firm Leeds Building Society has introduced a number of new fixed-rate mortgages to its existing line, including two, three, five and 10-year fixed rates.
The new mortgage products offer a variety of options, including a two-year fixed rate and two-year offset fixed mortgage, both without any early repayment features and fee free or assisted fee versions. In addition, customers have the option to take out a three, five or 10-year fixed rate mortgage, also with fee free options.
Karen Wint, head of marketing and PR at Leeds, said: With market rates unsettled and many market commentators predicting a further rise in base rate, possibly as early as next month, many borrowers will be looking for ways to protect themselves against any increase.
With this in mind we have launched an excellent range of fixed rates offering certainty of payments, the ability to budget and flexibility. The two-year products offer superb value and the flexibility of unlimited capital repayments at any time, so if rates do fall within the benefit period, borrowers can remortgage without penalty. There are also fee free and fee assisted versions and an offset product for even greater flexibility.