L&H fixed rate deal eases upfront cost.(LEEDS & Holbeck)(Brief Article)

Financial Adviser, August, 2005

LEEDS & Holbeck has launched a five-year fixed rate mortgage for customers who need help with upfront costs.

Customers can fix their mortgage payments at 4.79 per cent until 2010 and the product is available with up to 95 per cent loan to value.

There is no higher lending fee on LTVs of up to 90 per cent and 10 per cent capital repayments are allowed each year without penalty.

The product is also fully portable if borrowers move within the fixed-rate period.

There are early repayment charges starting at 5 per cent for the first two years, but the fees taper down to 4 and 3 per cent in the third and fifth years. A AGBP695 completion fee is payable to the lender.

Jeff Kirk, corporate relationship manager for Leeds & Holbeck,...

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