Leek United has launched a new two year fixed rate mortgages for direct business only.
The product offers a rate of 3.39% to 30.9.11, a maximum loan-to-value (LTV) of 75% and a fee of £1,495.
Meanwhile, the building society has trimmed its five year fixed range with the removal of the 75% LTV option of 4.99%.
The new rate is the cheapest two year product available and, despite its fairly hefty fee, is well worth consideration, especially against a backdrop of increasing fixed rates.
The new mortgage has deemed worthy of four out of five Moneyfacts stars.
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