The Yorkshire-based lender will also allow yearly capital repayments of 10% without penalties and there is no higher lending charge.
The society has also launched a three-year fixed rate deal available up to 80% LTV with the same flexibility, available with a rate of 3.99%.
Phil Coombes, head of intermediary sales at Leeds Building Society, said: “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.
“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.”
Leeds BS has also announced a two-year fees assisted product, available up to 65% LTV at 3.69%.This product offers free standard valuations, reduced fees and in-house legal services.
