Leeds launches new 5-year fixed rate mortgage

Leeds Building Society has launched a new market leading 5-year fixed rate mortgage at only 4.59%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

Martin Richardson, General Manager Marketing and Business Development said, "We are very pleased to announce the launch of a new market leading 5 Year Fixed Rate mortgage product at the best buy rate of only 4.59%. At a time of historically low interest rates, an increasing number of borrowers are looking to secure fixed rates to protect their monthly payments and lock in to low repayments.

"This market leading product delivers peace of mind and security, over a large part of a typical mortgage life, at a very affordable rate. We know that many more mortgage holders 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 great rate of 4.59% is also combined with 10% capital repayments each year and no higher lending charge."