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Monday 27th of April 2009
July 10, 2008

New mortgage deal round up


by Gill Montia
New mortgage deal round up

A number of lenders have launched new mortgage deals this week.

Leeds Building Society has introduced a five-year fixed-rate loan at 5.99% and with no higher lending charge.

Maximum loan-to-value ratio is 80% and 10% capital repayments are allowed each year without any penalty charge.

Interested parties can apply via the lender’s branches, online, or by phone.

Woolwich has introduced new three-year fixes and has upped its loan-to value-ratio to 90% on some of its fixed-rate products.

The lender has also cut tracker rates and can offer a Woolwich Lifetime Tracker at 0.89% above base rate.

With no fees or early repayment charges, borrowers have the option to change to another rate in the future.

Meanwhile, Norwich & Peterborough (N&P) building society has launched a three year tracker at 0.70% above bank base rate.

Maximum loan-to-value ratio is 85% and the mortgage reverts to the building society’s standard variable rate after three years.

A reservation fee of £599 applies; remortgagers get free legal fees or £200 cash back while purchasers receive £200 cash back.

Finally, mortgage broker, John Charcol, has launched a two-year tracker specifically aimed at those wishing to borrow over £500,000.

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Story link: New mortgage deal round up


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