Leeds launches new 10-year fixed rate mortgage

Leeds Building Society has launched the best 10-year fixed rate mortgage on the market at only 4.75%.Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year, without penalty.

Kim Rebecchi, Director of Sales & Marketing said, "This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. The product speaks for itself and delivers peace of mind and security, over a large part of a typical mortgage life, at a very affordable rate.

"There is no higher lending charge and customers can pay off 10% of capital each year, without penalty. The product is also fully portable should a borrower move home providing even further flexibility."

The rate of 4.75% is available up to 60% loan to value. There is also a version available up to 75% loan to value at only 5.25%. Both versions allow 10% capital repayments each year, have no higher lending charge and a fee of only £749.

Kim added "In these uncertain times with historically low interest rates, many clients will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal.

"The products are available through our 69 strong branch network , where we have fully qualified mortgage advisers to discuss individual customer needs. We know this product will be extremely popular and, therefore, I would urge borrowers to act quickly to avoid disappointment."

For more information, visit leedsbuildingsociety.co.uk