Leeds Building Society has unveiled a new three-year fixed rate mortgage at 1.89%.
The deal is available on home loans up to 65% loan to value and includes a free standard valuation. Remortgagors also benefit from free legal services.
There is a £199 booking fee and a completion fee of 2.50% of the loan amount.
10% capital repayments are allowed each year and there maximum loan amount is £200,000.
“Three year fixed rate mortgages can be a good compromise for borrowers looking to commit for more than two years but who feel that five years or more is too long for them,” said Martin Richardson, Leeds Building Society’s general manager – business development.
“This latest deal, with its market-leading rate of 1.89%, complements our selection of fixed rate mortgages, including two, five and 10 year terms.
“This choice enables borrowers to fix at a competitive rate and enjoy the security of knowing their monthly repayments, and decide on the length of time which best suits their individual circumstances.”