The new mortgages are designed to offer customers greater choice and support first time buyers, with the added peace of mind of a fixed monthly mortgage payment. Other features include a competitive interest rate ranges from 5.79% to 6.59%, depending on the amount of deposit the customer decides to use, no higher lending charge, and a 10% allowance on capital repayments each year without penalty.
Karen Wint, head of marketing & PR for Leeds Building Society, said: These products offer excellent flexibility for customers who do not have any deposit, or would prefer to keep their savings to furnish their new home. We have also launched fee-free versions to help more customers benefit from a fixed rate mortgage.
