Money News
Leeds Building Society has launched a new 10-year fixed rate mortgage set at 4.99% through September 30th 2016. The facility has no Higher Lending Charge up to 90% LTV and allows 10% capital repayments each year without penalty.
There is also a fee-free version for customers who require help with fees. Maximum overall LTV is 95%.
A completion fee of £599 - up to £500,000 (over £500,000 by negotiation only) - is in operation.
The fee-free deal on the other hand charges a fixed 5.49% through September 30th 2016 and includes a free valuation up to £335 and free in-house legal services for re-mortgages. Again there is no Higher Lending Charge up to 90% LTV. And there is no completion fee.
Both loans however levy early repayment charges - starting at 6% in year 1 then 6/5/5/5/5/4/4/3/2% of the amount redeemed.
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