Leeds Building Society non-locked in fixed rate mortgage 'popular'

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Leeds Building Society non-locked in fixed rate mortgage 'popular'

A source from Leeds Building Society has urged people to sign up sooner rather than later for the firm's new non-locked in fixed rate mortgage, since there is likely to be a lot of interest in the product.

Kim Rebecchi, sales and marketing director at the lender, highlighted how the home finance option delivers peace of mind and flexibility.

The product is available on a three-year term at 5.14 per cent interest, for deals at up to 80 per cent loan to value.

Ms Rebecchi said: "This type of mortgage, with a fixed rate but non-locked in is proving more popular and I would urge customers to act quickly to avoid disappointment."

In her opinion, the option allows people to budget easily, but not feel like they are stuck if their circumstances change.

Last month, Leeds Building Society announced its financial results for 2010, with operating profit rising by five per cent to £84.5 million - a record for the company.

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