Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Kim Rebecchi, sales and marketing director, said: " This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. This 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% capital repayments each year at a very affordable rate."
The rate of 2.95% is available up to 75% loan to value.
The version available between 76% and 80% LTV has also seen a 0.20% rate reduction to 3.29%. And Leeds has also reduced the rate from 3.89% to 3.75% available between 81% and 85% LTV.
