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Leeds and Holbeck launches three-year mortgage

15 July 2005
Leeds & Holbeck has launched a new three-year fixed mortgage.

The building society, which changes its name to Leeds Building Society on September 12th, is offering the product at a rate of 4.99 per cent.

With no tie-ins until October 2008, it is the only three-year fixed rate available on the market.

Unlimited capital repayments are allowed each year without penalty, with no higher lending charge up to 90 per cent loan to value.

Karen Wint, head of marketing & PR said: "Fixed rates with no tie-ins always
prove popular and we recently won a Moneyfacts award for the 'Best Fixed Rate
Mortgage Without a Tie In'."

"This is the only three-year fixed-rate in the market with no tie-ins and it will appeal to people who want certainty about their mortgage payments.

"The ability to make unlimited capital repayments at any time offers customers flexibility, combined with the peace of mind offered by the fixed rate.

"I would urge people to apply as soon as possible," she added.

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