Leeds launches another 10-year fixed rate deal

Leeds has launched a 10-year fixed rate product following the success of its Best Buy mortgage.

Leeds has launched a similar mortgage for people with smaller deposits. The product is available up to 90% LTV, has no higher lending fee, includes the flexibility of allowing 10% capital repayments each year without penalty and has a competitive rate of 4.99%.

The Society has also launched a fee free version of the 10-year fixed rate mortgage at a competitive rate of just 5.29%.

Jeff Kirk, corporate relationship manager ay Leeds, says: “This 10-year fixed rate offers value, with certainty of payments and the flexibility to pay 10% of the balance without penalty. The last 10-year mortgage, which is still available, is outselling our expectations. It is clear that clients want to lock in good value when rates are low enough and this is another ideal opportunity. We know this will be popular as many customers like the peace of mind offered by this type of product. In view of our experience last time, I would urge customers to act quickly to avoid disappointment.”