Leeds Building Society fees-assisted fixed-tracker mortgage 'helps with budgeting'

Date:Friday 21st May 2010
Author: Susanna Kavka

Homeowners could find their budgeting is made easier by the new Leeds Building Society fees-assisted fixed-tracker mortgage, according to a representative at the firm.

General manager of sales at the company Paul Kaye explained that borrowers can benefit from having certainty of payments initially, before moving on to a tracker rate.

The Leeds Building Society fees-assisted fixed-tracker mortgage is available at 3.99 per cent interest at a fixed rate for the first year, before switching to a base rate tracker deal for the next two years.

Mr Kaye explained: "We believe that this unique combination will be popular with those customers who require the extra comfort of an initial fixed rate period and reduced upfront costs."

He claimed the product was designed after careful analysis of the market.

Last week, Leeds Building Society launched a range of offset mortgages, which the firm suggested could offer flexibility and peace of mind for homeowners.