New market-leading mortgage from Leeds BS

Tuesday, 04 October 2011 11:55

A new market-leading mortgage has been launched by Leeds Building Society - and it has the lowest fixed rate of any product in the society's 136-year history.

The two-year fixed-rate mortgage has a rate of just 1.99 per cent and is available with a loan-to-value of up to 75 per cent.

Leeds Building Society notes that the mortgage product does not come with a higher lending charger and fees are fixed at £1,999.

Commenting on the new homebuyer finance solution - which also allows property owners to put down ten per cent in capital repayments each year - Kim Rebecchi, Leeds Building Society's sales and marketing director, said: "With the cost of living spiralling many customers want to control their outgoings, and we know that certainty at an affordable rate will be popular."

Leeds Building Society recently launched a five-year fixed-rate buy-to-let mortgage with a rate of just 4.99 per cent.

Use the Myfinances.co.uk comparison tables to find the best deal on a new mortgage

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