The loan is available at 5.19% up to 90% loan to value, has no early repayment charge and allows unlimited capital repayments throughout the life of the loan. Leeds & Holbeck is the only UK lender to offer a fixed rate loan for 5-years with no lock-ins.
Head of Marketing & PR, Tony Burdin said, "This type of loan is unusual in the UK, but commonplace in the United States. It offers security to the borrower over the medium term, but should they wish to, they can redeem the mortgage in full without penalty. As the loan has limited availability, I would urge customers to apply as soon as possible."
For more information, customers can call in any Leeds & Holbeck Branch, telephone 08450 50 50 62 or visit www.leeds-holbeck.co.uk/mortgages
