Leeds Building Society has launched a new two-year base rate tracker (BRT) mortgage along with a fixed-rate deal with a similar term.
With no higher lending charge and a penalty-free minimum of ten per cent capital repayments each year, the mortgages have interest levels of as low as 3.2 per cent for the tracker and 4.6 per cent for the fixed-rate.
The fixed-rate mortgage is not locked in and the group believes that the two deals will suit borrowers looking for a steady rate to prepare for the future or a low level of interest while they can get it.
Kim Rebecchi, director of sales and marketing for Leeds Building Society, said: "The feedback we have received is that many customers are looking for two year deals and, in particular, that BRT mortgages are in demand."
Yorkshire and Clydesdale banks recently unveiled a set of discounted offset mortgages, due to more people choosing to take up a variable rate deals over a fixed-rate alternative.
Tracker and fixed-rate mortgages announced by Leeds BS
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Tracker and fixed-rate mortgages announced by Leeds BS
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