Leeds & Holbeck mortgage caters for the poorly rated

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Leeds & Holbeck mortgage caters for the poorly rated

A new Leeds & Holbeck mortgage has been launched, which is aimed specifically at perspective borrowers with poor credit ratings.

The two-year fixed rate product and three-year stepped discount option have been created to cater for those with various levels of poor credit history including County Court Judgements, mortgage or rent arrears, defaults, bankruptcy or individual voluntary arrangements.

Interest rates on the loans will start from 6.25 per cent for the two-year fixed rate loan and will depend on the applicant's credit rating. The three-year stepped discount mortgage will carry discounts of 1.4 per cent in year one, 0.9 per cent in year two and 0.65 per cent in year three.

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