Leeds enters long-term market with two new products | Mortgage Strategy

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Leeds Building Society has added long-term options to its range in bringing out two 10-year fixed rate mortgages.

Both charge zero fee and, at up to 75% LTV, charge a fee of 2.14% and at 65% LTV, 2.08%.

Both come with a free standard valuation and for standard remortgages, fee assisted legals.

The lender points to data provided by Twenty7Tec that shows interest in 10-year fixes doubling since November, when it became clear that the Bank of England will be raising rates.

Leeds director of products Matt Bartle says: “We know from market trends that consumers are increasingly looking for longer-term products.

“As a result we’ve introduced two new 10 year fixed mortgages, to ensure we continue to offer choice to consumers and help meet the needs of their own individual circumstances.”

And Twenty7Tec director of lender relationships Nathan Reilly comments: “We’ve certainly seen longer-term products receiving more attention as customers consider the benefits of more certainty, particularly whilst interest rates remain low”.


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