Leeds launch 10-year fixed rate

The building society is offering a fixed rate of 5.89% until September 2017 and can lend as much as 90% of the value of a property. The mortgage, which is only available online, features a £849 completion fee and allows up to 10% capital repayments each year without penalty. There is also a fee-free product on offer, which offers free valuation and no completion fee for 6.39% fixed for ten years. Karen Wint, head of marketing at LBS, says: "With the Bank of England’s decision to add 0.25% to Base Rate in July, and market experts predicting further increases before the end of the year, ma...