Leeds Building Society launches 2-year mortgage

Wednesday, 03 February 2010 12:00

Leeds Building Society is offering a rate of 3.45 per cent on its newly-launched two-year fixed-rate mortgage.

The new product, available for customers who need to borrow up to 60 per cent of their property's value, allows ten per cent capital repayments each year without penalty.

And Leeds said there was no higher lending charge on the mortgage.

Kim Rebecchi, director of sales and marketing at the building society, said: "This is 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 repayments will remain the same for two years."

Customers who need a mortgage with a loan-to-value (LTV) of 75 per cent can take advantage of a version of the product with a rate 3.75 per cent. There is an 80 per cent LTV version at 4.65 per cent and an 85 per cent LTV option at 5.45 per cent.

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