Leeds Building Society unveils new mortgage

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Leeds Building Society has unveiled a new five-year fixed rate mortgage product.

The deal includes a rate of 5.84 per cent and completion fee of £999, as well as no higher lending charge, ten per cent capital repayments and a loan to value of 80 per cent.

According to Karen Wint, general manager of marketing and customer services at Leeds Building Society, the product offers consumers "outstanding value with excellent peace of mind".

She added: "We are delighted to be able to pass on to our customers a reduced headline rate and completion fee.

"It provides the opportunity to lock in at a fixed rate for the medium to long term in a very uncertain market."

Alliance & Leicester recently revealed it is cutting the rates on a number of its products that are available by telephone or in its branches.

Rates on the new range of two and three-year fixed deals have been reduced by between 0.10 per cent and 0.55 per cent.

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