Leeds Building Society offers 2-year fixed rate mortgage

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Leeds Building Society offers 2-year fixed rate mortgage

Thu 5th May 2011

Leeds Building Society has reduced the interest rate on its two-year fixed rate mortgage, offering customers what it describes as a market leading deal.

Representing an opportunity for borrowers to lock in the certainty of low fixed repayments, the rate currently stands at 3.79 per cent.

Available between 76 per cent and 80 per cent loan to value, customers will not be asked to pay a higher lending charge as a result.

The mortgage is available throughout the company's network of branches where advisers are on hand to answer any queries.

Sales and marketing director at Leeds Building Society Kim Rebecchi said the mortgage will provide borrowers with "peace of mind and the security that their monthly payments will remain the same for two years, combined with the flexibility of ten per cent capital repayments each year at a very affordable rate".

This news comes after campaigners argued an increase in interest payments would leave high numbers of homeowners unable to afford mortgage payments, the Telegraph reports.

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