The Leeds Building Society has launched two new fixed rate mortgages with no early repayment charges (ERCs) or limits on overpayments.
The Flexit products are available up to 75% LTV and have £999 fees. They are as follows:
- 1.71% two year fixed rate Flexit mortgage with free standard valuation and fees assisted legal services for standard remortgage
- 1.97% five year fixed rate Flexit mortgage with free standard valuation
Matt Bartle, director of products at the Leeds Building Society, said: “Our new two and five year Flexit fixed rate mortgages provide borrowers with increased flexibility as they have no early repayment charges (ERCs) and the option to make unlimited overpayments, which are usually capped at 10% capital repayments per year.
“We know there is demand for these products following the insight and feedback we’ve gathered from borrowers and our broker partners. Ongoing economic uncertainty is likely to mean borrowers will be seeking flexibility and these products enable them to keep their options open should their circumstances change.
“Increased flexibility is particularly important for those looking to secure their monthly payments, while retaining the ability to make significant overpayments.”