New Leeds & Holbeck mortgage range announced
www.moneynews.co.uk > Mortgages > New Leeds & Holbeck mortgage range announced
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Money News |
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New Leeds & Holbeck mortgage range announced
Mon 1st Aug 2005
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The new range of mortgage products from the UK's eighth largest building society includes three and five-year fixed rate mortgages and a discount product.
The fixed rate mortgages have a fee-free version for customers who need help with up front costs. Customers can fix their rate for three years at 4.49 per cent and five years at 4.55 per cent. Leeds and Holbeck claims that the discount will prove attractive to customers who feel that an interest rate decrease is on the cards, with a 2.24 per cent discount (currently 4.50 per cent).
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: "With fully qualified mortgage advisors available (no appointment necessary) in all our branches and at the end of the phone in our Leeds based call centre, customers can receive advice on the best mortgage to suit their needs. These very competitive products and convenient, professional, friendly advice demonstrate our commitment to providing value for money products combined with excellent customer service."
Leeds & Holbeck Building Society changes its name to Leeds Building Society on September 12th 2005. The Board of Directors asked the members to vote on a proposed name change at the Annual General Meeting and more than eight out of ten voters were in favour of the name change.
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