Leeds BS launches 10 year fixed rate mortgage at 4.58%

Leeds Building Society has launched a 10 year fixed rate mortgage available up to 75 per cent loan to value (LTV) at 4.58 per cent.

An 80 per cent LTV option, fixed over 10 years, is also available for borrowers with a smaller deposit, at 4.79 per cent.

Kim Rebecchi, sales and marketing director at the Leeds, said: “The products are available for both purchases and remortgages, and customers can lock in value for a decade which, in the current economic environment, delivers security and peace of mind at a very low rate.”

There is no higher lending charge and customers can pay off 10 per cent of capital each year, without penalty.

The mortgages are also fully portable should a borrower wish to move home during the term, Ms Rebecchi added.

Each of the 10 year fixed term packages has a £199 booking fee and £800 completion fee up to £500,000.