New Product - Leeds offers a base-rate tracker.

Financial Adviser, November, 2005

LEEDS Building Society has unveiled a new base-rate tracker mortgage at 0.14 of a percentage point above the Bank of England base rate.

The product, which currently has a 4.64 per cent rate, also allows 10 per cent capital repayments each year and there is no higher lending fee.

The latest launch adds to Leeds' policy of offering products with a fee-free option as well as the option to pay a fee in return for a lower rate.

It already offers a fee-free base rate tracker mortgage at the Bank of England base rate plus 0.44 of a percentage point and the new mortgage reflects the lower rate available in exchange for a fee.

Karen Wint, head of marketing and press for Leeds, said: "Our policy of offering two versions of our products has...

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