Leeds Building Society mortgage 'provides best of both worlds'

Date:Tuesday 7th December 2010
Author: Max Freedman

A new Leeds Building Society mortgage has been lauded by a source from the organisation.

Kim Rebecchi, sales and marketing director at the firm, made her comments about the three-year fixed-rate mortgage, which is available at up to 75, 80 and 90 per cent loan to value, with interest at 3.45, 3.89 and 5.29 per cent respectively.

In her opinion, the duration of the product allows for security in the medium term, while also not locking people in for a longer arrangement.

"These products provide a great opportunity to secure a fixed rate now, combined with certainty of payments and peace of mind," she added.

The Leeds Building Society proposition also allows customers to make ten per cent of capital repayments each year without being charged.

Last month, the company announced the launch of a shared-ownership deal that gives clients the opportunity to purchase up to 95 per cent of a property, with loan to value of up to 75 per cent.