Leeds launches discount mortgage at 4.99%

Leeds has launched a two-year discount mortgage at 4.99%.

The product, available up to 95% LTV, has no higher lending charge up to 90% LTV and allows unlimited capital repayments at any time without penalty.

Jeff Kirk, corporate relationship manager at Leeds, says: “With market rates on the increase, a mortgage at only 4.99% offers outstanding value, particularly when combined with the flexibility of unlimited capital repayments at any time without penalty and no higher lending charge if a 10% deposit is provided.

“Furthermore, we have also developed a fee free version at only 5.49% for clients who may require help with up front fees.

“The society’s commitment to customer service has also been recognised in the new lending excellence awards launched by Lending Strategy.

“The awards measure customers’ opinion of their mortgage providers by asking them to define their expectation of service in the key areas of the process and to comment on their actual experience.

“The independent national consumer survey of 7,800 customers who have recently taken out a mortgage named the Leeds as a gold award winner.”