Leeds launches new 5 and 10-year fixed rate mortgages

Leeds Building Society has launched a range of highly competitive 5 and 10-year fixed rate mortgages available from only 4.99%. 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. These products deliver peace of mind and security, over a large part of a typical mortgage life, at a very affordable rate.

"Furthermore, customers have access to 85% loan to value on the 5-Year fixed and there is no higher lending charge on any of the products in this range. Customers also have the additional flexibility to pay off 10% of capital each year, without penalty and all the mortgages are fully portable should a borrower wish to move home.

"In these uncertain times with historically low interest rates, we are seeing an increase in the number of customers looking to fix. Therefore, we know that many more mortgage holders who 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."

For more information, visit leedsbuildingsociety.co.uk