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30th of December 2010
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News Tag: five year

August 6, 2010

RBS reports first half profit

by Kay Murchie
”RBS
Royal Bank of Scotland (RBS), which is 83% owned by the taxpayer, today announced a profit for the six months ended June, boosted by falling charges for bad debt. The bank posted a net profit of £9 million ($14.3 million) compared with a £1.04 billion net loss in the same period a year earlier. Meanwhile, it added it was on target to meet ...




April 5, 2010

Leeds launches 4.6% ISA for new tax year

by David Masters
Leeds launches 4.6% ISA for new tax year
Leeds Building Society this week launched an ISA paying interest at 4.6%. The five-year fixed rate account can be opened with just £1. Savers can access up to 25% of their savings at any time without notice or penalty. Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said the ISA is a "market leading offer", adding that the flexibility of access ...




March 10, 2010

Two and five-year fixed rates trimmed back

by Gill Montia
”Two
The average cost of a two-year fixed-rate mortgage fell to a six-and-a-half-year low during February, according to new figures from the Bank of England. The average rate stood to 3.88%, down from 3.97% a month earlier to a level last seen in July 2003. Five-year fixed-rates also eased last month, declining to an average 5.49%, down from 5.56% in January, and despite ...




September 24, 2009

Fund a cruise with interest from savings

by David Masters
”Fund
The extra interest earned by savers who shop around for the best deal on a fixed-rate bond could pay for an all-inclusive Mediterranean Cruise for two, Yorkshire Building Society (YBS) said this week. "Just by spending a few minutes shopping around when buying a bond can make a big difference to savers' returns," said Sarah Lawrence, YBS savings manager. Savers investing £20,000 ...




August 24, 2009

Leeds launches five-year 5.35% mortgage

by David Masters
Leeds launches five-year 5.35% mortgage
Leeds Building Society has launched a new fixed-rate mortgage for customers with a deposit of at least 25%. Interest on the five-year mortgage is fixed at 5.35%, and customers can borrow at up to 75% loan-to-value (LTV). Borrowers can make up to 10% capital repayments each year without penalty. Kim Rebecchi, Leeds director of sales and marketing, said the mortgage is a "fantastic opportunity" for ...




June 21, 2009

No turning back for fixed rates

by Gill Montia
”No
Latest figures from Moneyfacts.co.uk show a sharp rise in the cost of a two-year fixed-rate mortgage during the past week. According to the financial website, the average cost of a two-year fixed-rate deal increased by 0.16% between Monday and Friday, to 4.90%. Meanwhile, five-year fixes increased by an average 0.21% over the same period, to 5.82%. Nationwide began the round of increases and has ...




February 23, 2009

Five year fixed-rate mortgage at 4.75% from Leeds

by David Masters
Five year fixed-rate mortgage at 4.75% from Leeds
Leeds Building Society has launched a new five year fixed-rate mortgage at just 4.75%. Leeds said the new product has been released to complement its 10 year mortgage deal, available at the same rate of interest. The 4.75% deal is available on mortgages with up to 75% loan to value (LTV). Customers with up to 85% LTV can take out ...




September 2, 2008

Government offers “free” loans to first-time buyers

by Gill Montia
Government offers
The Government is today unveiling a number of measures to help kick-start the UK housing market by offering relief to homeowners in financial difficulties and first-time buyers. Households in England earning less than £60,000 per annum will be helped into home ownership with a loan of up to 30% of a property's value. The loan will be offered free of charge for ...




August 28, 2008

Leeds BS offers five-year fixed-rate at 5.84%

by Gill Montia
Leeds BS offers five-year fixed-rate at 5.84%
Leeds Building Society has today reduced the interest rate on its five-year fixed-rate home loan from 5.99% to 5.84%. The lender has also knocked £500 off the completion fee, reducing it to £999. However, the rate reduction only applies to customers who sign up for the society's Homecover insurance through to 31 August 2013. Those who prefer another provider will have to pay ...




July 17, 2008

Britannia launches five-year fix at 5.99%

by Gill Montia
Britannia launches five-year fix at 5.99%
Britannia Building Society is launching a new five-year fixed-rate mortgage on Friday 18th July. The loan will be available at a rate of 5.99% on loan-to-values (LTVs) of up to 75% and 6.39% on LTVs up to 90%. A £999 arrangement fee applies in both cases. The lender is still offering its existing five-year fixed-rate mortgages, one of which has an arrangement fee ...