Leeds-base mutual Leeds & Holbeck's has changed its 4.99% three-year fixed rate mortgage.
Early repayment charges have been abolished and the completion fee has been reduced by £100 to £299.
The mortgage is available up to 95% LTV, with no mortgage indemnity fee on loans up to 90%LTV. Borrowers can make unlimited capital repayments and are not locked in at any time to the deal, whose fixed rate applies until November 1 2005.
Leeds & Holbeck has also made changes to its market-leading two-year capped tracker mortgage. This is now available at 0.79% above the Bank of England base rate, giving a current pay rate of 4.79% capped until November 1 2004.
There are no extended lock-ins and the loan is available up to 95% LTV with a completion fee of £299.
Tony Burdin, head of marketing, says: “Following these changes our fixed rate product is even more competitive and flexible. Also, the capped tracker loan now has a lower maximum rate which means borrowers have peace of mind should interest rates go up during the next two years. The tracker element ensures that their payments will reflect any cuts in base rate.”