Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
The society has also made a significant reduction in rate of 0.60% to the version available up to 85%, thereby meaning a rate of 4.59% can be obtained for those clients with a smaller deposit available.
Phil Coombes, Leeds Building Society’s head of intermediary sales said, "Our new five-year fixed rate deal offers great security and is available at a rate of just 4.19%.
“This product combines certainty, at a very affordable rate, with the flexibility of 10% capital repayments each year. We have also cut the rate by 0.60% to 4.59% on the tier up to 85% LTV, thereby making a very competitive rate accessible to more clients."
The society has launched fees assisted versions of these products, for those clients who require help with upfront costs.
Leeds has unveiled a rate of 4.59% up to 80% LTV and 4.99% available up to 85% LTV. This product offers a free valuation up to £335 and free in-house legal services for remortgages.
Phil Coombes added, "With the cost of living spiralling many clients want to control their mortgage, and fixing their monthly repayments is a good way of doing that."
