Leeds offers 2-year fixed rate mortgage at 3.79%

Leeds Building Society has reduced the interest rate on its 2 Year Fixed Rate mortgage from 3.99% to a new market leading rate of only 3.79%.

This great rate is available between 76% and 80% loan to value (LTV). 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, "We are delighted to make this 0.20% reduction to take our 2 Year Fixed Rate mortgage to a new market leading rate of 3.79%. This represents 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."

To help compliment the rate reduction on the 2-year fixed rate deal, Leeds Building Society has also reduced the rate by 0.20% on its ‘fees assisted' product between 76% and 80% LTV. The rate on the fees assisted 2 year fixed rate has been reduced from 4.49% to 4.29%. This offer is ideal for re-mortgages, offering free standard valuations and free in-house legal services for standard re-mortgages, together with reduced fees.

Kim Rebecchi 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.