Leeds Building Society has improved its range of competitive two- and three-year fixed-rate mortgages.
The society has:
- launched a new two-year fixed-rate mortgage at 1.94 per cent up to 65 per cent LTV (loan to value);
- reduced its two-year fixed-rate deal up to 85 per cent LTV from 2.99 per cent to 2.79 per cent; and
- reduced its three-year fixed-rate deal up to 75 per cent LTV from 2.69 per cent to 2.39 per cent.
The relaunched three year deal complements the Society’s competitive three year products at higher LTVs – at 2.84 per cent up to 80 per cent LTV and 3.19 per cent up to 85 per cent LTV.
All these mortgages come with an arrangement fee of £800 and no booking fee.
“Short-term fixed-rate mortgages are among our most popular products with borrowers,” said Martin Richardson, Leeds Building Society’s general manager of business development.
“The current low interest rate environment means rates are particularly competitive at the moment – these two- and three-year deals offer borrowers security of repayments in the short term and form part of our choice of fixed-term, variable and discount mortgages to suit a range of customers’ needs.”
