30
Nov
Leeds Building Society launches new fixed-rate mortgage
Leeds Building Society has announced that it will now be offering
its customers a two-year, fixed-rate mortgage at 3.79 per
cent.
In addition to the competitive rate, there will be no higher
lending charge and borrowers will be able to make ten per cent
capital repayments each year without incurring any penalties.
Kim Rebecchi, director of sales and marketing at the financial
services firm, said: "This is a fantastic opportunity for those
borrowers who wish to lock into the certainty of low fixed
repayments."
She added that it would offer customers "peace of mind".
This product is available at a loan-to-value (LTV) of 75 per cent,
but consumers can also get an 85 per cent LTV mortgage under the
same conditions at a higher 5.79 per cent rate.
In November, the British Bankers' Association reported that the
number of house purchase approvals increased slightly and mortgage
lending was still growing after reaching particularly low levels
towards the end of 2008.
