Leeds Cuts Interest rate on Its 10-Year Fixed Mortgage

On Tuesday, November 22nd the Leeds Building Society announced a 1% cut in its 10-year mortgage interest rate. Now, this product is available to all borrowers with a 20% deposit at as low as 4.99%.

The new interest rate will be effective till February, 28th 2022.

Commenting on the lender's move, Kim Rebecchi of the Leeds Building Society, said: "This product speaks for itself and delivers peace of mind and security, over a large part of a typical mortgage life, at an affordable rate." This is considered to be one of the cheapest mortgages in the 80% LTV ratio sector. That is why, Kim Rebecchi is determined that "this product will prove extremely popular with customers who are seeking the security of guaranteeing their mortgage payments for the long term."

To apply for this mortgage deal, you can contact the Leeds Building Society over the phone, via the Internet or in person in any of the lender's branches.

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