Leeds launches new fixed-rate mortgage

08-Dec-2006

Leeds Building Society has announced the launch of a new fixed-rate mortgage, suitable for both first time buyers and repeat borrowers.

Available over a term of three years, the new mortgage is available at a fixed-rate of 5.29 per cent, with no higher lending charge for borrowing up to a loan-to-value (LTV) of 90 per cent, potentially helping first time buyers counteract the recent house price rises.

A maximum LTV of 95 per cent is available on the loan.

"This product protects [customers] against any increases and provides excellent peace of mind," said Karen Wint, head of marketing and public relations at Leeds Building Society.

A completion fee of £750 is payable for all loans up to £500,000, with any borrowing above that figure by negation only.

In addition to mortgages, Leeds Building Society offers a range of services, including credit cards and insurance.

To find out more about this mortgage, contact a good mortgage broker.

Click here for further information on finding a deposit.

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