Leeds launches new 10-year fix

The mortgage has a rate of 4.49%, a fee of £199 and is available up to 65% loan-to-value.

Martin Richardson, Leeds Building Society’s general manager – business development, said: “Mortgage rates are at historic lows and we know borrowers are looking to fix for the longer term.

“Leeds Building Society is one of the very few lenders to offer a 10-year fixed rate mortgage through intermediaries and, in addition to the competitive rate of 4.49%, this latest deal includes an attractive package of features, including a low fee of only £199.

“We expect the opportunity to fix for the longer term to appeal particularly to borrowers who have only 10 years or so left on their current mortgage term and want to fix their monthly repayments and enjoy the peace of mind this gives them for the remainder of the life of their home loan.”