Leeds Building Society has reduced the rate on its two-year fixed-rate mortgage, pushing it to the top of the intermediary mortgage best buy tables.
This mortgage offers a rate of 2.34% to 31.8.15 and has a maximum loan-to-value of 75%.
Purchase customers can borrow a minimum of £5,000. The minimum advance for those remortgaging is £25,001.
A booking fee of £199 is required upfront. An additional completion fee of £800 is payable for loans up to £500,000, whilst advances over this amount will be subject to a completion fee of 1% of the borrowing amount.
Borrowers can make overpayments of up to 10% of the outstanding balance if they wish.
This new look mortgage offers a highly competitive rate to borrowers with deposits of 25% and over. Asserting its place in the two-year fixed rate market, this deal has been awarded four out of five Moneyfacts Stars.
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