Five year fixed-rate mortgage at 4.75% from Leeds

Leeds Building Society has launched a new five year fixed-rate mortgage at just 4.75%.

Leeds said the new product has been released to complement its 10 year mortgage deal, available at the same rate of interest.

The 4.75% deal is available on mortgages with up to 75% loan to value (LTV). Customers with up to 85% LTV can take out the five year deal at 5.25%.

Fees for setting up the new five year deal are just £199, and include free in house legal services for remortgages.

There is no higher lending charge on the mortgage, and up to 10% capital payments are allowed each year, penalty free.

The mortgage is fully portable if the borrower wishes to move home.

Kim Rebecchi, Leeds director of sales and marketing, said: “In these uncertain times with historically low interest rates, many clients will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal.”

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