Leeds Building Society has launched a new five-year fixed rate mortgage at 4.19%.

It is available up to 80% loan to value (LTV).

There is no higher lending charge and 10% capital repayments are allowed each year without penalty.

The Leeds has also made a 0.60 percentage point cut to the version available up to 85%, now being priced at 4.59%.

Phil Coombes, Leeds Building Society’s head of intermediary sales, said: “Our new five year fixed rate deal offers great security