Leeds refreshes short term fixed-rate range

Leeds Building Society has updated its range of two and three year fixed-rate mortgages.

The society has launched a new two-year fixed rate mortgage at 1.94 per cent up to 65 per cent loan-to-value.

It has also reduced its two-year fixed rate deal up to 85 per cent LTV from 2.99 per cent to 2.79 per cent and reduced its three-year fixed rate deal up to 75 per cent LTV from 2.69 per cent to 2.39 per cent.

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Leeds said the relaunched three-year deal complements its three-year higher LTV products at 2.84 per cent up to 80 per cent LTV and 3.19 per cent up to 85 per cent LTV.

All the mortgages deals come with an arrangement fee of £800 and no booking fee.

Martin Richardson, the lender’s general manager for business development, said short term fixed rate mortgages are among its most popular products with borrowers.

“The current low interest rate environment means rates are particularly competitive at the moment – these two and three-year deals offer borrowers security of repayments in the short term and form part of our choice of fixed term, variable and discount mortgages to suit a range of customers’ needs.”