Leeds launches Offset and fixes

The offset loans start from 5.49% and borrowers can access mortgage funding with only a 15% deposit. There are fee assisted options for those customers who require help with up front costs. The five-year fixed rate is 5.75% and is available up to 85% loan to value

Kim Rebecchi, director of sales & marketing said, "Offsetting can save customers interest on their mortgage, enabling them to pay it off quicker and provide a higher tax efficient equivalent savings rate compared to a normal investment product. Savings are also kept in a completely separate account, so there is no need for a fundamental re-organisation of finances, and customers have unlimited access to them at any time, providing outstanding flexibility and excellent peace of mind.

"In these uncertain times, with historically low interest rates, we are seeing an increase in the number of customers looking to fix. Therefore, we know that many more mortgage holders will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal."