Leeds & Holbeck launch no-lock-in 5-year fixed rate Mortgage below 5 per cent

The loan is available up to 90% loan-to value and comes with no higher lending fee (MIG), no lock-ins at any time and no insurance requirements. The completion fee is £399, which can be added to the loan.

Head of Marketing, Tony Burdin said, "We are able to launch this due to an unexpected drop in money market rates. This drop is not expected to last and as the loan has limited availability, I would urge customers to apply as soon as possible."

For more information, customers can call in any Leeds & Holbeck Branch, telephone 08450 50 50 62 or visit www.leeds-holbeck.co.uk/mortgages