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Leeds launches lock-in free two-year fix

Leeds is claiming to have launched the only two-year fixed rate mortgage in the market with no lock-ins.

The new range of products, which includes the two-year fix, has rates starting from 5.95%, with up to 90% LTV and include two and three-year fixed rate residential mortgages, two and three-year fixed rate buy-to-let mortgages and an offset lifetime tracker.

None of the products have a higher lending charge and the three-year fixed rates are fee free, with free in-house legal services for remortgages and a free valuation up to £335.

Kim Rebecchi, director of sales at Leeds, says: “These new mortgage deals complement our existing range superbly and ensure that we have a mortgage product to suit any individual’s circumstances. There are currently many reports in the media saying the best mortgage deals are only available to those with large deposits, however we are offering very competitive deals to those with only a 10% deposit.

“We recognise that many people are struggling in the current financial climate with large increases in the cost of living. Many borrowers like the ability to budget through fixed monthly payments. Our fixed rate mortgage range will minimise the payment shock for a sizeable proportion of borrowers and reduce monthly outgoings for many more. This will provide peace of mind at an affordable rate.”


Brokers must rediscover the word ‘no’

Research commissioned by GE Money Home Lending has estimated that over the past 18 months some 3.4 million borrowers have been turned down for a mortgage at least once, with a further 450,000 applying four or more times before their application was accepted.

Act now or pay later

Peter Williams, executive director of the Intermediary Mortgage Lenders Association, believes that falling house prices are a symptom of the current market malaise rather than a cause, and calls on the government to take immediate action

Time for sex, truth and measuring tape

I’m no prude. In fact, I rather approve of the use of the female form to sell property. Glossy sales brochures advertising new developments with swimming pools always display young women in swimsuits rather than podgy 50 year old men such as myself.

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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