Leeds Building Society has launched a two-year fixed rate mortgage at only 2.29 per cent.
Furthermore, there is no higher lending charge and 10 per cent capital repayments are allowed each year without penalty.
The rate of 2.29 per cent is available up to 70 per cent loan to value (LTV), and there is also a version available up to 80 per cent LTV at only 2.49 per cent, delivering exactly the same flexibility.
Kim Rebecchi, sales & marketing director said, “Our new market leading offer provides a fantastic opportunity for mortgage customers who are coming to the end of their current deal to budget and limit their monthly outgoings.
“With the cost of living spiralling, this best buy product delivers customers with the peace of mind and security that their monthly payments will remain the same for two years. This is combined with the flexibility of 10 per cent capital repayments each year at a very affordable rate.
“Leeds Building Society is very keen to help those customers looking to remortgage, and reduce what is for many households their biggest monthly outgoing, but I would urge them to act quickly because all cases must be completed by the end of 2011.”
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