Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Kim Rebecchi, Leeds Building Society's sales and marketing director, said, "We are very pleased to be able to offer a sub 2% fixed rate, which presents a fantastic opportunity for those borrowers looking to lock into the certainty of low fixed repayments.
"This product provides peace of mind and security to borrowers who know that their monthly payments will remain the same for two years, and is combined with the flexibility of 10% capital repayments each year. Therefore, existing mortgage borrowers who are coming to the end of their current deal may welcome the ability to budget and limit their monthly outgoings, at a very affordable rate."
