Leeds launches long term fixed rate product

Leeds has launched a new 10-year fixed rate mortgage of 4.99%.

The mortgage has no higher lending charge, is available up to 90% LTV and allows 10% capital repayments each year without penalty. There is also a fee free version for customers who require help with fees.

Karen Wint, head of marketing and PR, says: “With market commentators predicting a rise in bank base rate next week and potentially further increases next year, a 10-year fixed rate under 5% offers outstanding value.

“It is clear that customers want to lock in good value but still have the re-assurance of the right advice and good service at a potentially stressful time.”