The 5-year fixed rate mortgage has a rate of 4.70% and the 2-year fixed a rate of 3.45%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty. The 2-year fix is available up to 60% loan to value. There are also versions available up to 75% loan to value (LTV) at 3.75%, up to 80% LTV at 4.65% and at 5.45% up to 85% LTV. These versions also deliver exactly the same flexibility.
Kim Rebecchi, sales and marketing director at Leeds Building Society said, "All of these new deals have no higher lending charge and allow 10% capital repayments each year without penalty. These offers are great news for borrowers looking to lock in value and provide customers with the security that their monthly payments will remain the same in an ever changing financial environment.
"To help compliment these five year deals, we are also launching a range of ‘fee assisted' products which are ideal for remortgages, offering free standard valuations and free in-house legals for standard re-mortgages, along with reduced fees."
