Leeds Building Society has launched a new 2-year fixed rate mortgage at 3.79%.
Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Kim Rebecchi, director of sales and marketing said, "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 3.79% is available up to 60% loan to value. There are also versions available up to 75% loan to value (LTV) at 4.09%, and up to 85% LTV at 5.69%. These versions also deliver exactly the same flexibility.
To help compliment these new 2-year fixed rate deals, a range of ‘fee assisted' products are being launched. These deals are ideal for remortgages, offering free standard valuations and free in-house legal services for standard remortgages, 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."
