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Leeds BS cuts 3-year fixed rate to 3.79%

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  • 24/08/2012
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Leeds BS cuts 3-year fixed rate to 3.79%
Leeds Building Society has reduced the rate on its three- year fixed rate mortgage by 0.20% to a rate of 3.79%, available up to 80% LTV.

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.

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