Leeds Building Society has continued the war on prices, reducing its rate on a 3-year fixed rate mortgage to 3.79 per cent.
The 0.2 percentage point drop is available up to an 80 per cent loan-to-value (LTV), while there is no higher lending charge and 10 per cent capital repayments are allowed each year without penalty.
Leeds head of intermediary sales Phil Coombes said: “This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. This is combined with the flexibility of 10 per cent capital repayments each year at a very affordable rate.”
The Society has also cut the rate on its 2-year fixed rate from 3.49 per cent to 3.29 per cent available up to 75 per cent LTV, and from 4.99 per cent to 4.39 per cent available up to 85 per cent LTV.
There is also a version available, fixed for 2 years, at 2.99 per cent up to 65 per cent LTV delivering exactly the same flexibility.
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