New fixed rate mortgage from Leeds & Holbeck

03 August 2005
A new mortgage range has been released by Leeds & Holbeck Building Society, which will include fee free versions for those who may have difficulty coping with up-front costs.

The new range will include three and five year fixed rate mortgage deals, with the former coming with a rate of 4.49 per cent, while the latter has a rate of 4.55 per cent.

Stuart Fearn, product development manager said: "We have looked at our product range carefully and made every effort to create even more value for mortgage customers.

"Both our three and five-year fixed rate products have a fee free version with ten per cent capital repayments allowed each year without penalty. In addition, there is no higher lending charge up to 90 per cent loan to value on any of the new products."

There is also a discount product, that may prove tempting to customers who are anticipating a cut in interest rates, which will be available at a discount rate of 2.24 per cent.

As of September 12, 2005, Leeds & Holbeck will be changing its name to Leeds Building Society.

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