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Leeds Building Society launch a new fixed-rate mortgage deal

15/07/2008

Leeds Building Society has launched a five-year fixed rate mortgage deal.

The product consists of a reasonable interest rate, 5.99 per cent and is available with up to 80 per cent loan-to-value on each property.

This new fixed rate mortgage deal carries many advantages; homeowners will have the option to deposit nearly 10 per cent of the property value in 12 months and will not occur any type of penalty for making this additional lump sum repayment.

General manager for marketing and customer services, Karen Wint commented: "With many mortgage customers coming out of a fixed rate in 2008 the opportunity to fix the cost of the biggest monthly outgoing will be welcomed."

The mortgage deal carries many advantages and it is quite simple, it currently offers a peace of mind for consumers and consists the best value for money.

Darren Cook, mortgage expert at Moneyfacts.co.uk suggested that many more homeowners would be making use of their lenders' standard variable rate as other options could become harder to locate.

 


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