Leeds launches small-deposit mortgage

19 December 2005
Buyers worried about not having a big enough deposit to secure their dream home may benefit from Leeds Building Society's new mortgage.

The new ten-year fixed rate mortgage has a rate of 4.69 per cent and a 90 per cent loan to value (LTV).

There is no higher lending charge (HLC) and allows ten capital repayments withough penalty.

This means mortgage holders can make lump sum repayments to help pay their mortgage off faster without paying a penalty, as is normal with most mortgages.

Karen Wint, head of marketing & public relations said: "This ten-year fixed rate offers outstanding value, with certainty of payments and the flexibility to pay ten per cent of the balance without penalty."

To read more about First Time Buyer Mortgages, click here.


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