Leeds launches 2 year discount mortgage at 2.54%

Leeds Building Society has launched a new market leading 2-year discount mortgage at only 2.54%, available up to 70% LTV. Furthermore, this product also allows the flexibility of 10% capital repayments each year and there is no higher lending charge.

Martin Richardson, Leeds Building Society's General Manager Marketing and Business Development said, "We expect this impressive new product to be popular due to the combination of both a low interest rate and a flat completion fee.

"The very low interest rate will appeal to customers with larger loan sizes due to the benefit it will have on their monthly mortgage payments. Furthermore, the flat completion fee can be added to the loan amount.

"This market leading mortgage at only 2.54% offers excellent value, particularly when combined with the flexibility of 10% capital repayments each year without penalty and no higher lending charge."