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Leeds cuts rates on 2-year discount range

Robyn Hall

November 26, 2012

The society has also reduced its discount mortgage between 66% and 80% LTV by 0.16% to 3.14% with all tiers of the 2-year discount mortgage providing the flexibility of 10% capital repayments each year with no higher lending charge.

Phil Coombes, Leeds head of intermediary sales, said the rate cuts complemented its existing 2-year discount mortgage at 65%.

He said: “Our market leading 2-year discount mortgage at only 2.95% offers great value particularly when combined with the flexibility of 10% capital repayments each year without penalty and no higher lending charge.”

Additional changes include rate cuts on the fees assisted versions of these products for customers who require help with upfront costs.

Coombes added: “We are also pleased to have cut rates on the fees assisted versions of these products by up to 0.25% to offer market leading offers at 3.39% up to 75% LTV and 3.50% between 76% and 80% LTV.”

Leeds is also offering a free valuation up to £335 and free in-house legal services for standard remortgages.


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