7
Dec
New mortgage launched to allow flexibility of capital repayments
People looking to secure their finances to buy a house for sale in
the UK could benefit from new mortgage products released by Leeds
Building Society.
Yesterday (December 6th 2010), the financier announced its new
three-year fixed-rate home loan, which enables customers to have
flexibility of ten per cent on capital repayments every year.
It comes at a rate of 3.45 per cent and is available on mortgages
of up to 75 per cent loan-to-value.
Leeds Building Society's sales and marketing director Kim Rebecchi
said these new loans give customers "certainty of payments and
peace of mind".
"The three-year term gives people the best of both worlds, as
customers have security in the medium-term but avoid being locked
in for a long period," she said.
Last month, the financial services provider launched a shared
ownership mortgage to assist first-time buyers to get on the
property ladder.
It enabled people to have a maximum borrower share of 95 per cent
and came at a payback rate of 5.99 per cent. 