UK Money News
10th July 2008
The Leeds launches 'outstanding value' fixed rate offer
Leeds Building Society has launched a new fixed rate mortgage to capitalise on increasing demand for stable repayments from homeowners.
The five-year fixed rate offer offers a rate of 5.99 per cent, with no higher lending charge and the facility to make ten per cent of capital repayments per year without an early repayment charge.
It is available with a maximum loan to value of 80 per cent for properties worth up to £250,000.
Karen Wint, general manager of the Leeds' marketing and customer services division, said, "We know that many customers like the ability to budget through guaranteed monthly payments. This product is simple, straightforward and offers outstanding value with excellent peace of mind.
"With many mortgage customers coming out of a fixed rate in 2008 the opportunity to fix the cost of the biggest monthly outgoing will be welcomed."
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