Leeds reveals sub-BBR fixes

The range includes a two-year fixed rate at 4.99 per cent until 31 March 2010 up to 90 per cent LTV and without HLC's.

It also boasts no ERCs and unlimited capital repayments without penalty.

Leeds is also introducing three-year and five-year fixed rates starting from 5.39 per cent.

Jeff Kirk, corporate relationship manager at Leeds, said: “This suite of products takes into account the reduction in swap rates which have factored in possible bank base rate decreases.

“To be able to lock in value at such a low level over a period that best suits each borrower provides excellent peace of mind at an affordable rate. This will minimise the payment shock for a sizeable proportion of clients and reduce monthly outgoings for many more.

“Furthermore, all the products are fully portable, so if customers do wish to move during the term they can take the mortgage with them.”

A number of the products also provide a free valuation up to £335 and those which don't offer unlimited repayments allow penalty-free capital repayments of 10 per cent each year.

All fee-free versions also benefit from free in-house legal services for remortgages and no higher lending charge.

For details of their nearest development manager, brokers can call 01543 418104 or visit www.leedsintroducer.co.uk