Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Phil Coombes, Leeds head of intermediary sales, 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% 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% to 3.29% available up to 75% LTV, and from 4.99% to 4.39% available up to 85% LTV.
There is also a version available, fixed for 2 years, at 2.99% up to 65% LTV delivering exactly the same flexibility.
To help compliment these 2 and 3-year fixed rate deals, a ‘fee assisted’ 2-year product is also on offer at 3.69% up to 75% LTV.
This version is ideal for re-mortgages, offering free standard valuations and free in-house legal services for standard re-mortgages, together with reduced fees.
