Leeds launches 2-year fix

Sarah Davidson

February 4, 2015

The product comes with a free standard valuation up to £560 and fees assisted legal services for standard remortgages.

Martin Richardson, Leeds Building Society’s general manager – business development, said: “2-year fixed rate mortgages remain extremely popular with borrowers as they offer a degree of certainty about their monthly repayments in the short term.

“The current low interest rate environment is expected to be with us for perhaps 12 more months at least, which makes fixing your mortgage attractive while deals are so competitive.

“However, uncertainty ahead of the forthcoming general election – combined with financial and political instability elsewhere, particularly in Europe – may be making borrowers choose shorter-term fixes as they’re less willing to commit too far ahead into the future.”

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