There is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Phil Coombes, Leeds Building Society’s head of intermediary sales said: “This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. This is combined with the flexibility of 10% capital repayments each year at a very affordable rate.”
The Society has also cut the rate on its two- year fixed rate from 3.49% to 3.29% available up to 75% LTV, and from 4.99% to 4.39% available up to 85% LTV.
There is also a version available, fixed for two-years, at 2.99% up to 65% LTV delivering the same flexibility. A fee assisted two-year product is also on offer at 3.69% up to 75% LTV.
The Society said this version is ideal for remortgages, offering free standard valuations and free in-house legal services for standard remortgages, together with reduced fees.
