Leeds slashes rate on 2-year fixed rate mortgage

Leeds Building Society has reduced the rate on its 2 year fixed rate mortgage by 0.50% to just 3.14% available up to 80% LTV.

Related topics:  Mortgages
Millie Dyson
4th August 2011
Mortgages
Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

Kim Rebecchi, Sales & Marketing Director said:

"We are delighted to make this 0.5% rate reduction to take our 2 year fixed mortgage to only 3.14%, and this great rate can be obtained with just a 20% deposit.

"This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. This product delivers customers with the peace of mind and security that their monthly payments will remain the same for two years. This is combined with the flexibility of 10% capital repayments each year at a very affordable rate."

The rate of 3.14% is available up to 80% loan to value. There is also a version available, delivering exactly the same flexibility, at 4.05% from 81% to 85% LTV.

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