Leeds Three-Year Base Rate Tracker mortgage launched
www.moneynews.co.uk > Mortgages > Leeds Three-Year Base Rate Tracker mortgage launched
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Money News |
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Leeds Three-Year Base Rate Tracker mortgage launched
Tue 7th Mar 2006
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The offer comes as the company makes changes to its non-conforming range of products, which has also included a reduction in rate on its two-year fixed-rate package, which starts at 5.89 per cent.
Non-conforming mortgages are designed for borrowers who have credit impairments, caused by things like county court judgements, mortgage or rent arrears or bankruptcy.
Both the Leeds Three-Year Base Rate Tracker and the two-year fixed deal are available to customers with light, medium or heavy credit impairment levels, product website Mortgage Introducer reports.
Jeff Kirk, corporate relationship manager at Leeds, explained that the society is "constantly reviewing" its product range as it tries to offer borrowers with poor credit ratings the opportunity to remortgage or buy their own home.
"These products confirm our commitment to clients looking to repair their credit whilst benefiting from a very competitive rate," Mr Kirk commented.
The particular interest rate set on the Leeds Three-Year Base Rate Tracker mortgage and two-year deal will depend on individual customers' credit impairment levels.
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