Money News
12th August 2008
The Leeds unveils new three-year fixed rate offer
The Leeds Building Society has announced it is launching a new three-year fixed rate mortgage aimed at the rising numbers of borrowers looking for stability over their finances.
Buyers opting for the offer can secure a maximum loan to value of 90 per cent, with repayment rates starting from 6.99 per cent.
Other features include no higher lending charge or completion fee and a free standard valuation up to £335 as well as ten per cent capital repayments each year, without penalty.
Karen Wint, general manager of the firm's marketing and customer services division, said: "We know that many borrowers like the ability to budget through fixed monthly payments and large numbers of mortgage customers will be coming off existing fixed rate deals in 2008.
"All the options are fee free so customers have no up front costs and can lock in at a rate that delivers certainty of payments, providing excellent peace of mind."
She added: "Furthermore, all the products are fully portable, so if customers do wish to move during the term they can take the mortgage with them."
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