Leeds launches 2-year fixed rate mortgage at 3.45%

Leeds Building Society's new 2-year fixed rate mortgage at only 3.45%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

Kim Rebecchi, Leeds Building Society's Sales & Marketing Director said, "This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. The product provides customers with peace of mind and the security that their monthly payments will remain the same for two years, combined with the flexibility of 10% capital repayments each year at a very affordable rate."

The rate of 3.45% is available up to 60% loan to value. There are also versions available up to 75% loan to value (LTV) at 3.75%, up to 80% LTV at 4.65% and at 5.45% up to 85% LTV. These versions also deliver exactly the same flexibility.

To help compliment these new 2-year fixed rate deals, a range of ‘fee assisted' products are being launched. 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.

Kim continued, "Many customers will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal.

"These new products are available throughout our branch network, where we have fully qualified mortgage advisers to discuss individual customer needs."

For more information, visit leedsbuildingsociety.co.uk.