New mortgage unveiled by Leeds BS

Wednesday, 31 March 2010 12:00

Leeds Building Society has unveiled a new fixed-rate mortgage with a rate of 4.59 per cent.

The five-year product allows capital repayments of up to ten per cent every year without penalty and does not impose a higher lending charge.

It is available at up to 60 per cent loan-to-value, comes with a £199 booking fee and a £1,300 completion fee for loans of up to £500,000.

The mortgage also carries tapered early repayment charges of five per cent of the amount redeemed in the first and second years, dropping by one percentage point in each of the following three years.

Martin Richardson of Leeds Building Society says: "This market-leading product delivers peace of mind and security."

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