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Leeds launches two year discount mortgage requiring only 5% deposit

t said it also has a deal at 4.35% available up to 90% LTV and these two new offers compliment its existing two year discount rate at only 2.45% up to 75% LTV.

It added that all tiers of the two year discount mortgage provide the flexibility of 10% capital repayments each year and have no higher lending charge.

The Society has also launched new tiers on the fees assisted versions of these products, and now has deals available up to 90% LTV for those who require help with up front costs.

A fee assisted two year discount mortgage is on offer at 3.80% up to 85% LTV and at 4.95% up to 90% LTV. These offers also contain a free valuation up to £335 and free in house legal services for standard remortgages.
 
There is also a new two year variable rate mortgage, at a current rate of 5.89%, available up to 95% LTV, which provides exactly the same flexibility.
 
‘Our market leading two year discount mortgage at only 2.45% offers superb value, particularly when combined with the flexibility of 10% capital repayments each year without penalty and no higher lending charge,’ said Kim Rebecchi, Leeds Building Society sales and marketing director.
 
‘We are also pleased to have launched versions of these products available up to 95% LTV on the fee paying options, and up to 90% LTV on the fees assisted options. The Society is also offering a free valuation up to £335, and free in house legal services for standard remortgages, to those customers who require help with up front costs,’ she added.

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