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Leeds launches 1.99% 2-year fixed rate mortgage

Leeds Building Society has launched a 2-year fixed rate mortgage at only 1.99%, which is fixed until 31 December 2015. 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.”

For more information, customers can call the Society’s mortgage hotline, on 08450 540 994, where qualified mortgage advisors are available 7 days a week from 8am to 8pm. Alternatively, they can call into their local branch or apply online at www.leedsbuildingsociety.co.uk.

Ends

Notes to Editors

Key Features

2 Year Fixed Rate up to and including 31 December 2015

  • 1.99% available up to 75% loan to value.
  • No Higher Lending Charge.
  • £199 Booking Fee.
  • £1,800 Completion Fee up to £500,000, 1.00% over £500,000.
  • 10% capital repayments are allowed each year without penalty
  • Tapered early repayment charges of 3% of the amount redeemed in year 1 and 2% in year 2
  • Maximum loan of £750,000.

Leeds Building Society has assets of £10.8bn (as at 30 June 2013) and 67 branches throughout the UK, Gibraltar and Ireland. The Society has operated from the centre of Leeds since 1886.