Leeds launch 5-year fixed rate mortgage at 4.89%

Leeds Building Society has launched a new 5-Year Fixed Rate mortgage, which is available up to 85% loan to value (LTV), at only 4.89%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "Our new five year fixed rate deal offers great security, and is available at an excellent rate of just 4.89%. This product combines certainty, at a very affordable rate, with the flexibility of 10% capital repayments each year. The other important factor is that it is available up to 85% LTV, making it accessible to more borrowers.

"With the cost of living spiralling many customers want to control their mortgage, and fixing their monthly repayments is a good way of doing that.

"I would urge those customers coming to the end of an existing deal or looking to move home to visit our branches, where we have fully qualified mortgage advisers available on a no appointment necessary basis."

For more information, visit leedsbuildingsociety.co.uk.