Leeds Building Society has launched a 10-year fixed rate homeloan at 4.99 per cent.
The mortgage has no higher lending charge, is available up to 90 per cent loan to value and allows 10 per cent capital repayments each year without penalty. There is also a fee free version for customers who require help with fees.
Head of marketing & PR Karen Wint says: “With market commentators predicting a rise in bank base rate next week and potentially further increases next year, a 10-year fixed rate under 5 per cent offers outstanding value. This product delivers long term peace of mind combined with the flexibility to pay 10 per cent capital repayments each year without penalty. It is also fully portable, so customers can continue to benefit when they move home.
“It is clear that customers want to lock in good value but still have the re-assurance of the right advice and good service at a potentially stressful time.”