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Leeds launches 4.99% fixed-rate mortgage

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by David Masters

Leeds Building Society this week launched two new fixed-rate mortgage products designed to offer customers ‘security’ and ‘peace of mind’.

Five year and ten year fixed-rate deals were launched by the building society, with interest rates from 4.99%.

Additional features include no higher lending charge, penalty free capital repayments of up to 10% per annum, and full portability should the mortgage holder wish to move home.

Both mortgages carry a £199 booking fee, and on the 10 year deal there is also an £800 completion fee.

The five year deal is available on loan-to-value (LTV) of up to 85%.

Kim Rebecchi, Leeds director of sales and marketing, said the mortgages are aimed at “those borrowers who wish to lock into the certainty of low fixed repayments.”

She added: “These products deliver peace of mind and security, over a large part of a typical mortgage life.”

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News posted: April 24, 2009

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