There is no higher lending charge and 10% capital repayments are allowed each year without penalty. The version available between 76% and 80% LTV has seen a 0.35% rate reduction, and is also market leading at 2.94%.
Kim Rebecchi, sales and marketing director, said: “We are delighted to have made these rate reductions to offer market leading deals and provide a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. These products deliver customers with the peace of mind and security that their monthly payments will remain the same for two years.”
Leeds has also lowered rates on the ‘fee assisted’ offers. The society has cut the rate on the version available between 76% and 80% LTV by 0.59% to a market leading 3.30%. This is in addition to reducing rates by 0.35% to 3.10% up to 75% LTV, and by 0.21% to 3.94% available between 81% and 85% LTV.
Rebecchi added: “These offers are ideal for re-mortgages, offering free standard valuations and free in-house legal services for standard re-mortgages, together with reduced fees."
