Leeds & Holbeck Building Society has announced that it will be instituting a new mortgage plan range that includes the three and five-year fixed rate mortgage plans.
Customers have the option of locking the three and five-year rates at 4.49 percent and 4.55 percent respectively. Customers also have the option of making the use of a discount rate of 2.24 percent, as the Bank of England looks set to cut the interest rates this week. Announcing these schemes, Stuart Fearn, Leeds & Holbeck product development manager, said, "We have looked at our product range carefully and made every effort to create even more value for mortgage customers.
Both our three and five-year fixed rate products have a fee-free version with ten per cent capital repayments allowed each year without penalty. In addition, there is no higher lending charge up to 90 per cent loan to value on any of the new products."
He added that since the company had fully qualified mortgage advisors available at all their branches, customers could expect the best service, "These very competitive products and convenient, professional, friendly advice demonstrate our commitment to providing value for money products combined with excellent customer service," he observed.
Leeds & Holbeck Building Society, the UK's eighth largest building society is all set to debut as the Leeds Building Society on September 12th 2005.
Posted
on : Thu, 04 Aug 2005 08:25 GMT | Mortgages News
By : Mike Lawson
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