Leeds Building Society has a new 2-year fixed rate mortgage at only 3.45 per cent. The deal comes with no higher lending charge and 10 per cent capital repayments are allowed each year without penalty.
Kim Rebecchi, Leeds Building Society's sales & marketing director said, "This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. The product provides customers with peace of mind and the security that their monthly payments will remain the same for two years, combined with the flexibility of 10 per cent capital repayments each year at a very affordable rate."
The rate of 3.45 per cent is available up to 60 per cent loan to value. There are also versions available up to 75 per cent loan to value (LTV) at 3.75 per cent, up to 80 per cent LTV at 4.65 per cent and at 5.45 per cent up to 85 per cent LTV. These versions also deliver exactly the same flexibility.
To help compliment these new 2-year fixed rate deals, a range of ‘fee assisted' products are being launched. These deals are ideal for re-mortgages, offering free standard valuations and free in-house legal services for standard re-mortgages, together with reduced fees.
Kim continued, "Many customers will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal.
"These new products are available throughout our branch network, where we have fully qualified mortgage advisers to discuss individual customer needs."
Leeds has also launched a 5 Year fixed rate mortgage at 4.70 per cent. This also has no higher lending charge and 10 per cent capital repayments are allowed each year without penalty.
Kim said, "We know that many customers are looking for certainty in the current climate and we have launched this market leading product, at only 4.70 per cent and available up to 60 per cent LTV, as part of our five year fixed rate mortgage range.
Leeds Building Society also offers a higher LTV selection at 4.85 per cent up to 80 per cent LTV and 5.70 per cent up to 85 per cent LTV.
Kim added, "All of these new deals have no higher lending charge and allow 10 per cent capital repayments each year without penalty. These offers are great news for borrowers looking to lock in value and provide customers with the security that their monthly payments will remain the same for five years in an ever changing financial environment.
"To help compliment these five year deals, we are also launching a range of ‘fee assisted' products which are ideal for re-mortgages, offering free standard valuations and free in-house legals for standard re-mortgages, along with reduced fees."
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Date: 3rd, February, 2010 |
Author: Ben Wilkie |
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