Leeds Building Society has announced a reduction in the rates on its Direct Only Offset 2 Year Discount mortgage by up to 0.25 per cent. The building society’s 75 per cent loan-to-value offset mortgage now offers a rate of 2.65 per cent. In order to help customers with upfront costs, the building society has launched [...]
Leeds Building Society has launched a new instant access account paying interest at 2.55%. The headline rate includes a 0.5% bonus until August 2011. The account, known as the London Instant Access Account, is only available through the building society’s London branch. Savers can open the account with a minimum investment of £100, and are [...]
Leeds Building Society has launched a new instant access five year bond paying interest at 3.5%. Savers can access up to 50% of the money saved in the bond at any time without penalty. Leeds said it designed the bond by looking at the other bonds available on the market and coming up with something [...]
Leeds Building Society has launched a new online savings account offering unlimited access. The Albion Web Saver pays interest at up to 2.25%, and gives savers penalty free access to their money. To open the account, savers need to deposit at least £2,500. A spokesperson for the building society said the account was launched following [...]
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 [...]
Leeds Building Society has launched two new fixed-rate ISAs paying interest at up to 3.5%. The new accounts include a three-year fixed-rate ISA, paying interest at 3.5%, and a two year product paying 3% interest. Both accounts can be opened with a minimum deposit of just £1, and both accept transfers from previous ISA subscriptions. [...]
Leeds Building Society has launched a new five-year fixed rate mortgage with an interest rate of 5.75%. The mortgage is available to homeowners with a deposit of at least 15%. Borrowers can make up to 10% capital repayments every year without penalty. Homeowners with a larger deposit can also take advantage of the mortgage, and [...]
Leeds Building Society unveiled two new mortgage products this week. The new products include a two-year base rate tracker (BRT) mortgage, and a two-year fixed-rate mortgage. The BRT mortgage is available to homeowners borrowing up to 75% of the value of their property, with interest charged at 2.7% above the Bank of England’s base rate. [...]
Leeds Building Society (LBS) has launched a new instant access passbook savings account paying up to 2.5% interest. Customers opening an Albion Saver passbook account are given a passbook that allows them to deposit and withdraw money at any LBS branch. Opening the account requires a minimum deposit of £2,500. The standard gross interest rate [...]
Leeds Building Society has launched a new three-year fixed-rate bond paying interest at 4.3% gross pa/AER. Savers can open the bond with an investment of between £1,000 and £1,000,000. Interest on the bond is fixed until August 2012, and is paid annually at 4.3%. Interest can also be paid monthly at 4.05% gross pa/4.11% AER. [...]
Leeds Building Society has launched a new savings account to help older people pay for their winter heating bill. The Winter Fuel Saver account is available only to customers aged over 60 and pays interest at 5.12% through the winter months. When winter is over on 28 February the account’s interest rate drops to 0.25%. [...]
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 [...]
Leeds Building Society has launched a new three-year fixed-rate postal bond paying interest at 4.30%. Customers requiring a regular income from their savings can opt to have interest paid monthly at 4.11% AER. Savers investing in the bond can access up to 10% of the initial amount invested without notice, penalty free. A minimum investment [...]
A new bond from Leeds Building Society paying 4% interest can be opened with as little as £100. The four-year fixed-rate bond was launched alongside a two-year bond paying 3.5% interest. Both bonds can be opened with a minimum investment of £100 and a maximum of £1,000,000. Furthermore, both allow savers to withdraw up to [...]
Leeds Building Society has launched a five-year fixed-rate cash ISA paying a market-leading interest rate of 4.6%. Customers can withdraw up to 25% of the amount invested at any time, without notice or penalty. The account can be opened with a minimum of £1, and allows savers to transfer in their ISA balance from previous [...]
A new online easy access savings account launched this week by Leeds Building Society pays interest at 3.05%. For a minimum investment of £100, savers are offered unlimited penalty-free access to their cash, with no advance notice required. Kim Rebecchi, Leeds’ director of sales and marketing, said: “A return of 3.05%, combined with the flexibility [...]
Leeds Building Society (LBS) has launched a new five-year fixed-rate mortgage at 5.1%. Available at a loan-to-value (LTV) of up to 75%, the mortgage deal has no higher lending charge. Borrowers can repay up to 10% of capital each year without penalty, and free in-house legal services are provided for customers re-mortgaging. An LTV of [...]
Savers are signing up for the Albion Cheque instant access account at Leeds Building Society (LBS) in record numbers. LBS said the account, which pays interest at up to 2.5%, has seen a significant uplift in the number of new customers signing up, as well as in the account balance of current customers. “We have [...]
Leeds Building Society has announced that its fixed-rate ISAs pay interest at up to seven times the Bank of England’s base rate. Kim Rebecchi, Leeds’s director of sales and marketing, said the building society’s five year fixed-rate ISA, which pays interest at 3.5%, is a ‘market leading offer’. “With many ISAs in the market paying [...]
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, [...]
Gender directive could slash men’s annuity payouts
The EU Gender Directive, which came into force today, could see men losing up to £10,000 from their annuity payouts, according to research by PricewaterhouseCoopers. Under the new rules insurers are no longer allowed to take gender into account when setting annuity rates and premiums on insurance products. Men previously enjoyed higher annuity rates than [...]
Home rental costs down in November
The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was £741m during the month, returning to the level seen in September. However, it was 3.4 per higher than in November last year. [...]
Lloyds TSB halts sale of packaged accounts in branches
Lloyds TSB will stop selling packaged account in its branches from 1 January 2013, until its sales procedures are brought into line with those operated by sister bank The Halifax. Lloyds TSB is one of the main providers of packaged accounts in Britain, with around one in three of its customers choosing to pay fees [...]
Housing market recovery to continue next year
Recent improvements in the housing market should continue into next year, according to the Council of Mortgage Lenders (CML) Gross lending is estimated to have increased to £12.9 billion in November, helped by the Funding for Lending scheme which provides banks and building societies with lower-cost funding, which they are then supposed to pass on [...]
Newcastle Building Society exits interest-only mortgages
Newcastle Building Society has stopped offering interest-only mortgages to new borrowers, following the lead of the Royal Bank of Scotland, Nationwide, Co-operative bank and Coventry Building Society. The decision will not affect existing Newcastle customers and applications for interest-only mortgages received before 14 December will still be processed. Prior to the credit crunch, interest-only mortgages [...]
Less than half of Brits considered creditworthy
Fifty-seven per cent of UK adults are at risk of having an application for credit turned down by a mainstream lender according to a new report. The ‘Mind the Credit Gap‘ report commissioned by aqua credit cards suggests that even people with a good credit rating and earning more than £50,000 could have a credit [...]
Monthly incomes £22 lower in 2012
The average monthly income of UK households fell by £22 in real terms compared with last year, according to a survey carried out for the Bank of England (BoE) by NMG Consulting. People on lower incomes have seen their income eroded more than higher earners and households still have high levels of debt the BoE [...]
Savers dig deep to fund Christmas
New research from the Halifax suggests that savers are funding their Christmas spending with money set aside for other purposes. Thirty-seven per cent of 2,138 savers surveyed by the bank at the end of November had withdrawn savings in the last three months. The average amount withdrawn was £1,186, more than double the average savings [...]
Financial data at risk from unsafe passwords
According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financial data. Internet users have 22 password-protected accounts on average and many use the same log-in details for more than one account, even though [...]
Wonga launches Paylater loans on retailer website
Payday loan company Wonga has launched a new Paylater service on furniture firm Cotswold Company’s website. The service, which allows customers to “buy now, pay later” will be introduced on other retailers’ sites in the near future. Although the Paylater branding is similar to Wonga’s, the Wonga name only appears in the small print. A [...]
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