Borrowers seeking a short term fixed-rate mortgage deal are being offered a wider choice of two-year products from Leeds Building Society.
The society has cut rates on some two-year fixed rate deals by up to 0.25 per cent, added benefits such as a free standard valuation to other deals, and introduced a new two-year fixed-rate mortgage at 65 per cent loan-to-value.
Highlights include:
• 2.99 per cent two-year fixed rate mortgage at 85 per cent loan-to-value, with a £999 fee
• 3.29 per cent two-year fixed rate mortgage at 85 per cent loan-to-value with a £199 fee, free standard valuation up to £335 and free in-house legal services for remortgages
• 2.74 per cent two-year fixed rate mortgage at 80 per cent with a £999 fee and free standard valuation up to £335
• 2.59 per cent two-year fixed rate mortgage at 75 per cent with a £999 fee and free standard valuation up to £335
• 2.59 per cent two-year fixed rate mortgage at 65 per cent with a £199 fee, free standard valuation up to £335 and free in-house legal services for remortgages
Leeds’ general manager of business development Martin Richardson says short term fixed rates are by far the society’s most popular mortgages.
“We’ve reviewed our range of competitive two year deals to offer borrowers an additional range of benefits including low fees, free valuations and free legal services,” he says.
“We’ve reduced rates where we’ve been able to and introduced a new 65 per cent loan-to-value product for remortgagers who have more equity in their property or homebuyers with a larger deposit to put down.”
