The product is available up to 95 per cent loan to value, with no higher lending fee payable up to 90 per cent. There is also the flexibility of 10 per cent capital
repayments allowed each year.
The mortgage is only available through intermediaries and brokers. A completion fee of 495 is payable and early repayment charges are applicable during the benefit period.
Leeds & Holbeck head of marketing and PR Karen Wint says: “This product sits well with our full range of mortgages. With a rate of just 5.19 per cent, it represents excellent value for money and is ideal for borrowers wanting long-term peace of mind about their monthly payments.”