Leeds launches five-year 5.35% mortgage

Leeds Building Society has launched a new fixed-rate mortgage for customers with a deposit of at least 25%.

Interest on the five-year mortgage is fixed at 5.35%, and customers can borrow at up to 75% loan-to-value (LTV).

Borrowers can make up to 10% capital repayments each year without penalty.

Kim Rebecchi, Leeds director of sales and marketing, said the mortgage is a “fantastic opportunity” for borrowers seeking the security of a fixed-rate deal.

“In these uncertain times, with historically low interest rates, we are seeing an increase in the number of customers looking to fix,” she said.

“We know that many more mortgage holders 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.”

Leeds also launched a five-year 85% LTV mortgage with a fixed-rate of 5.75%.

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