Leeds says, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Kim Rebecchi, Director of Sales and Marketing at Leeds Building Society said, "We are delighted to launch this market leading 5 Year Fixed Rate Mortgage at 4.99%, available up to 75% LTV. The Society is also unveiling a competitive rate of 5.75% up to 85% LTV.
"Both of these two new deals have no higher lending charge and allow 10% capital repayments each year without penalty. These new offers are great news for borrowers looking to take advantage of the low levels of interest rate, and provide customers with the security that their monthly payments will remain the same for five years in an ever changing financial environment.
"To help compliment these new five year deals, we are also launching a range of ‘fee assisted' products which are ideal for re-mortgages, offering free standard valuations and free in-house legals for standard re-mortgages, along with reduced fees."
