Leeds Building Society launches two-year fixed rate mortgage at 2.29%
Tuesday, 01 November 2011 03:31
Leeds Building Society has launched a new two-year fixed rate mortgage product that charges just 2.29 per cent interest.
The product is available to homeowners with 30 per cent equity in their property (an LTV ratio of 70 per cent) and the mortgage also allows homeowners to make capital repayments of up to ten per cent each year without incurring an early repayment charge and there is no higher lending charge, though tapered early repayment charges apply up to and including 31 January 2014.
A further product is available to those with less equity in their property. For homeowners with an LTV of up to 80 per cent, the rate is 2.49 per cent and the other features of the product, capital repayments and no higher lending charge also apply.
There is a completion fee attached to this product of £1,800 on properties up to the value of £500,000 and a booking fee of £199.
Kim Rebecchi, Sales & Marketing Director said: "Our new market leading offer provides a fantastic opportunity for mortgage customers who are coming to the end of their current deal to budget and limit their monthly outgoings.
"With the cost of living spiralling, this best buy 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.”
Use the Myfinances.co.uk comparison tables to find the best deal on a new mortgage.
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