Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
The 2 Year fixed rate of 3.70% is available up to 75% loan to value. There are also versions available up to 80% loan to value (LTV) at 3.99% and at 4.35% 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 3 year fixed rate mortgages are being launched. A 3-year fixed rate of 4.15% is available up to 75% LTV, at 4.45% up to 80% LTV and at 4.75% up to 85% LTV.
The Society has also launched fees assisted versions of these products, with free valuations and legal services for standard re-mortgages.
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. These products provide customers with peace of mind and the security that their monthly payments will remain the same for two or three years, combined with the flexibility of 10% capital repayments each year at a very affordable rate.
"Many customers will welcome the ability to budget and limit their monthly outgoings, particularly those mortgage customers who may be coming to the end of their current deal.
"The Society has also launched fees assisted versions of these products for those who require help with up front costs. These new products are available via internet, phone and throughout our branch network, where we have fully qualified mortgage advisers to discuss individual customer needs."
