Leeds unveils best-buy mortgage

Monday, September 5, 2005

Leeds Building Society has revealed a new addition to its mortgage range, a new two-year fixed rate offset best buy.

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."