Leeds Building Society has introduced a new five-year fixed rate mortgage at 3.89%. It is available up to 70% loan to value (LTV).

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

The mutual also has a three-year fixed rate deal at 3.99% available up to 80% LTV. It has the same flexibility as the five-year deal.

The Leeds has also launched a two-year ‘fees assisted’ product at 3.69% up to 65% LTV. It offers free standard valuations worth up to £335 and free in-house legal services for standard re-mortgages, together with reduced fees.

“Our new mortgage range, which includes a market leading five-year deal, offers a fantastic opportunity for those clients who wish to lock into the certainty of low fixed repayments,” said Phil Coombes (pictured), Leeds Building Society’s head of intermediary sales.

“This is combined with the flexibility of 10% capital repayments each-year at a very affordable rate.

“We have also launched a market leading fees assisted two-year fixed rate, which is suitable for those clients who may require help with up front costs.”