Leeds & Holbeck has launched a new 5-year fixed rate mortgage free from completion or higher lending fees and without any lock-ins.
The mortgage is available at 5.49% for loans up to 90% of property value or 5.89% up to 95%.
o Key product details are:
o No mortgage indemnity fee up to 95% loan-to-value
o Unlimited capital repayments
o No early repayment charges at any time
o No completion fee
o Free in-house legal services for re-mortgages
o No general insurance requirements
Tony Burdin, head of marketing at the Leeds-based lender, says: “This is a unique product. Lenders usually charge a fee and apply early repayment charges for at least the fixed rate term on such loans.
“Although borrowers will find lower rates available on the market, the absence of a fee together with free in-house legal services and the freedom and flexibility of not being locked in at any time make this product a very attractive option.”