Leeds Building Society launches new 2 year fixed mortgage

Leeds Building Society has launched a new highly competitive 2-year fixed rate mortgage at only 5.64%.

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

Karen Wint, Head of Marketing & PR said, "This product has an extremely competitive rate of 5.64%, which is one of the best rates in the market with a fixed application fee of £999. Most other providers in the market have higher fixed or percentage based application fees and this, combined with a sub Bank of England Base Rate 2-year fixed rate, offers customers excellent value.

"In this period of uncertainty and a possible Base Rate rise later this year, this product also provides fantastic peace of mind at a very attractive rate for a set period, enabling customers to budget effectively and plan for the future. We expect this to be very popular and I would urge customers to act quickly to avoid disappointment."