Leeds Building Society launch fixed rate mortgage

The mortgage has no higher lending charge up to 90 per cent loan to value and allows 10 per cent capital repayments each year without penalty.

There is also a fee free version for customers who require help with fees.

Stuart Fearn, Product Development Manager, said: “This 10-year fixed rate at only 4.99 per cent offers outstanding value, with certainty of payments and the flexibility to pay 10 per cent capital repayments each year without penalty.

“We have created this product with a fee free option to ensure that customers with smaller deposits and / or less funds available for fees can still benefit from certainty of payments over a longer period.”