The rate has been reduced by 0.15% to 2.69% between 76% and 80% LTV. There is also a version available, to those clients with just a 15% deposit, at 3.19% following a 0.25% rate reduction.
The Society has also lowered rates by a further 0.10% (following recent reductions of up to 0.50%) on its 3 Year fixed rate mortgage to 3.39%, available between 81% and 85% LTV, and to 2.69% between 76% and 80% LTV. Leeds also has a 3 Year fixed rate available at only 2.55% up to 75% LTV.
The mutual’s 5 year fixed rate mortgage has been reduced by 0.30% to just 3.69%, available between 81% and 85% loan to value. The 5 year version available between 76% and 80% LTV has seen a rate cut of 0.20% to 3.39%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Phil Coombes, Leeds Building Society’s Head of Intermediary Sales said:
“Our fixed rate mortgage range has seen further rate reductions, and now includes market leading deals available for 2, 3 and 5 year periods. These offers represent a fantastic opportunity for those clients who wish to lock into the certainty of low fixed repayments. This is combined with the flexibility of 10% capital repayments each year at a very affordable rate.
“We also have fees assisted versions of these products available, for those clients who require help with up front costs.”
