5-year deals bring more choice to first mortgage market

06-Jul-2010

Published by Helen Adams

People looking to take out their first mortgage on a property could check out the new five-year fixed-rate deal from Leeds Building Society.

First mortgage customers can make capital payments of up to ten per cent each year without penalty and could also take advantage of a £1,000 cash back offer once the mortgage has been paid off in full.

The loan is available from 4.59 per cent with a loan-to-value of 60 per cent, which goes up to 85 per cent when a rate of 5.49 per cent is taken.

Booking fees and completion fees for the first mortgage are £199 and £800 respectively.

Kim Rebecchi, sales and marketing director of the building society, said: "We recognise that many customers prefer certainty and this five-year fixed-rate range [provides] peace of mind and the security that their monthly payments will remain the same for five years."

Yorkshire Building Society recently moved to the top of the market-best leader board thanks to its 4.15 per cent five-year mortgage, which comes at 75 per cent loan to value and requires a £995 fee.

Finding your first mortgage is easy if you let someone else do the work! Read about it here or request first mortgage specialist advice.

Shared ownership could increase chances of mortgage approval
First-time buyer advice: CGT could help
Joint ownership could help landlords secure an investment

2012: May | Apr | Mar | Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar