There is also an option available up to 80% loan to value for those borrowers with a smaller deposit at only 4.79%.
Kim Rebecchi, sales and marketing director at Leeds, said: “The products are available for both purchases and remortgages and clients can lock-in value for a decade which, in the current economic environment, delivers security and peace of mind at a very low rate.
“Furthermore, there is no higher lending charge and clients can pay off 10% of capital each year, without penalty. The mortgages are also fully portable should a borrower wish to move home during the term, providing even greater flexibility.
“I believe these mortgages offer excellent value and will prove extremely popular with clients who are seeking security and value over a longer term.”
