20
Feb
Lenders launch new mortgage rates
Leeds Building Society has announced the launch of a new fixed-rate
mortgage deal.
The lender is offering a five-year product at a rate of 4.75 per
cent, which is available at up to 75 per cent loan-to-value with a
fee of £199.
Leeds has set the repayment rate at the same level that applies to
its ten-year fixed-rate mortgage.
In addition to this, borrowers are permitted to make capital
repayments of up to ten per cent each year without incurring any
penalty.
Director of sales and marketing at the lender Kim Rebecchi said:
"This is a fantastic opportunity for those borrowers who wish to
lock into the certainty of low fixed repayments."
Yesterday Alliance & Leicester announced changes to its
fixed-rate mortgages.
It is offering a reduced rate on its two-year deal and has
introduced a new three-year product with a lower arrangement
fee.
