Rates start from 4.85% available up to 80% LTV. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
To help complement this new 5-year fixed rate range, a range of ‘fee assisted' products are being launched. These deals are ideal for remortgages, offering free standard valuations and free in-house legal services for standard remortgages, together with reduced fees.
Martin Richardson, Leeds Building Society's general manager marketing and business development said, "This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. The product provides customers with peace of mind and the security that their monthly payments will remain the same for five years, combined with the flexibility of 10% capital repayments each year at a very affordable rate."
The rate of 4.85% is available from 61% to 80% loan to value (LTV). There is also a version available at 5.49% between 81% and 85% LTV. This version also delivers exactly the same flexibility.
Martin Richardson continued, "Many customers will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal."
