Leeds launches new five year fix

In addition there is no higher lending charge and 10% capital repayments are permitted each year without penalty.

Kim Rebecchi, sales and marketing director at Leeds Building Society, said: “This is an opportunity for borrowers to lock into the certainty of low fixed repayments. We know that peace of mind is an important factor and many customers will welcome the ability to budget for what is for many households, their biggest monthly outgoing.

"This product combines certainty at an affordable rate with the flexibility of 10% capital repayments each year. The other important factor is that it is also available up to 80% LTV making it accessible to more borrowers.”