Leeds BS launches five-year fixed-rate mortgagE
Leeds Building Society has launched a new five-year fixed-rate mortgage with a rate of just 4.89 per cent.
The mortgage deal is available with a loan-to-value (LTV) of up to 85 per cent.
Leeds Building Society's latest product also allows mortgage holders to make capital payments of ten per cent each year without penalty.
Kim Rebecchi, the institution's sales and marketing director, said: "Our new five-year fixed-rate deal offers great security and is available at an excellent rate."
She added that with the cost of living spiralling, many people are wanting to control their monthly mortgage repayments in the medium to long term.
Last month, Leeds Building Society reduced the rates on a number of its two- and three-year fixed-rate mortgage deals.
Use the Myfinances.co.uk comparison tables to find the best deal on a new mortgage
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