Leeds launches fee free five-year fixed

Leeds has released a fee-free five-year fixed rate product at 5.99%.

The new product is available up to 90% LTV, has no higher lending or completion fee, and allows 10% capital repayments each year without penalty.

Jeff Kirk, corporate relationship manager at Leeds, says: “This five-year fixed offers outstanding value, with certainty of payments in a volatile market and the flexibility to pay 10% of the balance without penalty.

“This product is ideal for remortgages and purchases alike.

“It will also appeal to first-time buyers and others with smaller deposits.

“Clients with less funds available for fees can still benefit from all the advantages provided by fixed payments.

“Our sales figures show that many clients prefer fee-free products.”