Leeds launches unique 2-year fixed rate mortgage

Leeds Building Society has launched a new suite of mortgages that includes the only 2-year fixed rate mortgage on the market without any lock-ins.

The new products start from only 5.95%, are available up to 90% loan to value and include 2 and 3-year fixed rate residential mortgages, 2 and 3 year fixed rate buy to let mortgages and an offset lifetime tracker.

Furthermore, none of the products have a higher lending charge and the 3-year fixed rates are fee free, with free in-house legal services for remortgages and a free valuation up to £335 for those customers who require help with up front costs.

Kim Rebecchi, Director of Sales at Leeds Building Society said, "These new mortgage deals complement our existing range superbly and ensure that we have a mortgage product to suit any individual's circumstances. There are currently many reports in the media saying the best mortgage deals are only available to those with large deposits, however we are offering very competitive deals to those with only a 10% deposit.

"We recognise that many people are struggling in the current financial climate with large increases in the cost of living. Many borrowers like the ability to budget through fixed monthly payments. Our fixed rate mortgage range will minimise the payment shock for a sizeable proportion of borrowers and reduce monthly outgoings for many more. This will provide peace of mind at an affordable rate."

For more information visit leedsbuildingsociety.co.uk