Leeds unveils best-buy mortgage
Monday, September 5, 2005
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The product offers customers a capped base rate tracker, guaranteeing the highest rate payable will only be 4.75 per cent.
The base rate tracker plus 0.25 per cent will continue until 1 December 2008, is fully portable in the event of a move, does not levy a higher lending charge and provides six months free mortgage payment protection.
Product development manager for Leeds Building Society, Stuart Fearn, said: "This is the second best buy mortgage from Leeds Building Society which makes it two out of two market leading products.
"[Customers] know that the rate can never exceed 4.75 per cent, so they can budget effectively. We expect this unique combination to be extremely popular."
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