The Leeds Building Society now has a two-year fixed rate mortgage at 2.09% between 60% and 65% LTV and at 2.34% from 66% to 75% LTV.
The rate has also been reduced by 0.15 percentage points to 2.69% between 76% and 80% LTV. There is also a version available, to those clients with a 15% deposit, at 3.19% following a 0.25 percentage point rate reduction.
The mutual has also lowered rates by a further 0.10% percentage points (following recent reductions of up to 0.50%) on its three-year fixed rate mortgage to 3.39%, available between 81% and 85% LTV, and to 2.69% between 76% and 80% LTV.
The mutual’s 5 year fixed rate mortgage has been reduced by 0.30% percentage point to 3.69%, available between 81% and 85% loan to value (LTV). The five-year version available between 76% and 80% LTV has seen a rate cut of 0.20% to 3.39 percentage points.
There is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Phil Coombes (pictured), Leeds Building Society’s head of intermediary sales, said: “Our fixed rate mortgage range has seen further rate reductions, and now includes market leading deals available for two, three and five-year periods. These offers represent a fantastic opportunity for those clients 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.
“We also have fees assisted versions of these products available, for those clients who require help with up front costs.”