Leeds Building Society launches new mortgage deal
www.moneynews.co.uk > Mortgages > Leeds Building Society launches new mortgage deal
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Money News |
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Leeds Building Society launches new mortgage deal
Tue 2nd Aug 2011
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The loan is offered at an LTV of 85 per cent with no higher lending fees and with the added bonus of ten per cent capital payment costs per year without a penalty.
Leeds Building Society claimed the product will offer "security" to homeowners as the cost of living becomes increasingly high, according to Kim Rebecchi, the company's sales and marketing director.
She added: "Many customers want to control their mortgage and fixing their monthly repayments is a good way of doing that."
The announcement comes on the back of results projecting a static housing market as Nationwide revealed values increased by just 0.2 per cent in July. However, Property and Finance Solutions director Darren Owen argued that once financing returns to the market, it will pick up as the demand for housing has never gone away.
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