Leeds launches new 5 year fixed rate mortgage range

Leeds Building Society has unveiled a market leading 5 year fixed rate mortgage at just 3.95% available up to 80% loan to value (LTV).

Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

For those customers with smaller deposits, the Society also has fixed rate mortgages available for 5 years at 4.49% up to 85% LTV and at 5.99% up to 95% LTV.

The Society has also announced the launch of market leading 3 year fixed rate deals at 3.25% available up to 75% LTV, and at 3.89% up to 85% LTV. These versions deliver exactly the same flexibility as the 5 year fixed rates.

To help compliment these 3 and 5-year fixed rate offers, the Society has launched a market leading 3 year ‘fees assisted' mortgage at 3.75% up to 75% LTV, and at 4.39% up to 85% LTV. These products are ideal for re-mortgages, offering free standard valuations worth up to £335 and free in-house legal services for standard re-mortgages, together with reduced fees.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "Our new mortgage range, which includes a market leading 5 year deal, offers a fantastic opportunity for those customers who wish to lock into the certainty of low fixed repayments. This is combined with the flexibility of 10% capital repayments each year at a very affordable rate.

"We have also launched a market leading fees assisted 3 year fixed rate, which is suitable for those customers who may require help with up front costs."