Leeds launches 5-year fixed rate mortgage at 4.70%

Leeds Building Society has launched the market leading 5 Year Fixed Rate Mortgage at only 4.70%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

Kim Rebecchi, Sales and Marketing Director at Leeds Building Society said, "We know that many customers are looking for certainty in the current climate and we have launched this market leading product, at only 4.70% and available up to 60% LTV, as part of our 5 Year Fixed Rate Mortgage range.

Leeds Building Society is also unveiling a highly competitive mortgage at only 4.85% up to 80% LTV and 5.70% up to 85% LTV.

Kim added, "All of these new deals have no higher lending charge and allow 10% capital repayments each year without penalty. These offers are great news for borrowers looking to lock in value and provide customers with the security that their monthly payments will remain the same for five years in an ever changing financial environment.

"To help compliment these five year deals, we are also launching a range of ‘fee assisted' products which are ideal for re-mortgages, offering free standard valuations and free in-house legals for standard re-mortgages, along with reduced fees."

For more information, visit leedsbuildingsociety.co.uk.