Leeds unveils 5-year fixed rate mortgage at 3.94%

Leeds Building Society has re-launched its 5 Year Fixed Rate Mortgage at only 3.94% and increased the loan to value (LTV) from 60% to 75%. 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, "This offer is great news for borrowers looking to lock in value and provides customers with the security that their monthly payments will remain the same for five years. This deal has no higher lending charge and allows 10% capital repayments each year without penalty.

"The Society is also pleased that it has been able to increase the LTV on the product from 60% to 75% meaning that more customers will be able to benefit from this excellent deal."

For more information, visit leedsbuildingsociety.co.uk.