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Leeds Building Society offers new fixed rate mortgage

Leeds Building Society has launched its new two-year fixed rate mortgage at 5.99% with unlimited capital repayments.

Leeds Building Society has said that this rate mortgage has no higher lending charge and is available up to 80% loan to value.

Karen Wint, general manager of marketing and customer services business at Leeds Building Society, said: We know that many customers like the ability to budget through guaranteed monthly payments. With many mortgage customers coming out of a fixed rate in 2008 the opportunity to fix the cost of the biggest monthly outgoing will be welcomed. This, combined with the flexibility of unlimited capital repayments without penalty, should prove popular with households looking to control their expenditure.