Leeds 2 year discount mortgage requiring only a 5% deposit

Leeds Building Society has launched a 2-year discount mortgage at 5.25%, available up to 95% loan to value (LTV).

There is also a deal at 4.35% available up to 90% LTV.These two new offers compliment the Society's existing, market leading 2 year discount rate at only 2.45% up to 75% LTV. Furthermore, all tiers of the 2 Year discount mortgage provide the flexibility of 10% capital repayments each year and have no higher lending charge.

The Society has also launched new tiers on the fees assisted versions of these products, and now has deals available up to 90% LTV for those who require help with up front costs. A fee assisted 2 year discount mortgage is on offer at 3.80% up to 85% LTV and at 4.95% up to 90% LTV. These offers also contain a free valuation up to £335 and free in-house legal services for standard remortgages.

There is also a new 2 year variable rate mortgage, at a current rate of 5.89%, available up to 95% LTV, which provides exactly the same flexibility.

Kim Rebecchi, Leeds Building Society Sales and Marketing Director said, "Our market leading 2 year discount mortgage at only 2.45% offers superb value, particularly when combined with the flexibility of 10% capital repayments each year without penalty and no higher lending charge.

"We are also pleased to have launched versions of these products available up to 95% LTV on the fee paying options, and up to 90% LTV on the fees assisted options. The Society is also offering a free valuation up to £335, and free in-house legal services for standard remortgages, to those customers who require help with up front costs."

For more information, visit leedsbuildingsociety.co.uk.