Mortgage News
Leeds BS cuts fixed rate deal by 0.3%
Leeds Building Society has cut its two-year fixed rate mortgage deal by 0.3%.
The lender will now offer a two-year fixed rate deal for 3.49%, available up to 75% loan to value (LTV).
The product includes no higher lending charge and permits up to 10% capital repayments each year without penalty.
A completion fee of £800 applies to properties worth up to £500,000, with fees at 1.00% over £500,000. A booking fee of £199 also applies.
Phil Coombes, head of intermediary sales at Leeds Building Society, said: “We are delighted to be able to cut the rate on this mortgage from 3.79% to 3.49%.
“This is an excellent offer that allows clients to guarantee low payments for two years and benefit from the peace of mind this delivers.
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“Many borrowers want to control their outgoings, and we know that certainty at an affordable rate will be popular. This is a strictly limited tranche and I would urge people to act quickly to avoid disappointment.”