The product, with a best buy rate of 4.75%, is fixed until 1August 2008.
Key Features:
- 4.75% fixed until 1 August 2008
- No higher lending charge
- Available up to 85% loan to value
- 10% capital repayments allowed each year without penalty
- Fully portable if borrowers move during the fixed rate period
- Free mortgage payment protection for 6 months
Leeds & Holbeck has also launched a fee free 3 year fixed rate for customers who require help with fees. The product, with a rate of 5.20%, is also fixed until 1 August 2008.
Key Features:
- 5.20% fixed until 1 August 2008
- No higher lending charge
- Available up to 85% loan to value
- 10% capital repayments allowed each year without penalty
- Free valuation up to £305
- Free in-house legal services for remortgages
- Fully portable if borrowers move during the fixed rate period
- Free mortgage payment protection for 6 months
Both loans are available for house purchase or remortgage from Friday 13th May 2005.
Karen Wint, Head of Marketing & PR said, "A market leading fixed rate will appeal to people who want certainty about their mortgage payments. The flexibility to repay 10% of capital each year will appeal especially to borrowers who receive regular bonuses. These are limited offer products, I would urge people to apply as soon as possible. Our specialist staff are available at any of our branches or call centre to process applications quickly."
