Two new Leeds Building Society mortgages launched

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Two new Leeds Building Society mortgages launched

Wed 31st Jan 2007

First-time-buyers are being targeted with the new Leeds Building Society 100 per cent fee free three-year fixed-rate and shared ownership fee free three-year fixed-rate mortgage products.

The key feature of both mortgages is that they offer a guaranteed rate and so therefore the first-time buyer is not affected by any fluctuation in the Bank of England base rate.

In addition, a further boost to the customer is provided due to no higher lending charge necessary for either product. Neither is there a completion fee required and valuations are also free up to £335.

Karen Wint, head of marketing and PR, said: "We are all well aware of the difficulties facing first time buyers in getting a foothold on the housing ladder.

"With house prices showing little sign of cooling and many market commentators predicting a further rise in Base Rate, possibly as early as next month, many FTBs will find it difficult to purchase their first home."

The Leeds Building Society 100 per cent fee free three-year fixed-rate mortgage offers a rate of 6.69 per cent, whereas the Leeds Building Society shared ownership fee free three-year fixed-rate product is available with a rate of 6.49 per cent, both until and including April 30th 2010.

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