Leeds cuts rate on 2-year fixed rate mortgage

Leeds Building Society has reduced the rate on its 2 year fixed rate mortgage by 0.20% to just 2.95% available up to 75% LTV.

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

Kim Rebecchi, Sales & Marketing Director said, "We are delighted to make this 0.20% rate reduction to take our 2 year fixed mortgage to a market leading 2.95%. This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. This product delivers customers with the peace of mind and security that their monthly payments will remain the same for two years. This is combined with the flexibility of 10% capital repayments each year at a very affordable rate.

"The rate of 2.95% is available up to 75% loan to value. The version available between 76% and 80% LTV has also seen a 0.20% rate reduction to 3.29%. Furthermore, we have reduced the rate from 3.89% to a new market leading deal of 3.75% available between 81% and 85% LTV.

"To help compliment these 2-year fixed rate deals, a range of market leading ‘fee assisted' products are available. These deals are ideal for re-mortgages, offering free standard valuations and free in-house legal services for standard re-mortgages, together with reduced fees."  

For more information, visit leedsbuildingsociety.co.uk.