The product has no higher lending charge and 10% capital repayments are allowed each year without penalty.
Phil Coombes, Leeds’s head of intermediary sales, said: “This presents a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments.
“We have also increased the maximum LTV making this product accessible to more clients.
“Many clients will welcome the ability to budget and limit their monthly outgoings particularly existing mortgage clients who may be coming to the end of their current deal.”
