Leeds launches two year discount

The mortgage is available up to 70% LTV. Furthermore, this product also allows the flexibility of 10% capital repayments each year and there is no higher lending charge. Key features include:

• 2.54% available up to 70% LTV, 3.15% discount from SVR
• No higher lending charge
• £199 Booking Fee
• £2,800 Completion Fee up to £500,000, 1.00% over £500,000 - Can be added to the loan
• 10% capital repayments are allowed each year without penalty
• Tapered early repayment charges of 3% of the amount redeemed in year 1 and 2% of the amount redeemed in year 2.

Commenting, Martin Richardson, Leeds Building Society's general manager marketing and business development, said, "We expect this new product to be popular due to the combination of both a low interest rate and a flat completion fee.

"The very low interest rate will appeal to customers with larger loan sizes due to the benefit it will have on their monthly mortgage payments. Furthermore, the flat completion fee can be added to the loan amount."