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Leeds & Holbeck launches five-year fix

Leeds & Holbeck has launched a five-year fixed rate mortgage at 3.7%.

The loan is available for house purchase or remortgage from August 1 to August 26 2003.

Key features of the product include availability of up to 80% of property value, penalty-free capital repayments up to 10% allowed each year and free mortgage payment protection for six months.

Tony Burdin, head of marketing at L&H, says: “We believe this loan will appeal to people who want certainty about their mortgage payments over the next five years.

“The flexibility to repay 10% of capital each year will appeal especially to borrowers who receive regular bonuses.”


Charcol targets first-time buyers with fixed rate deal

Charcol is offering borrowers an enhanced income mortgage deal, with a fixed rate of 4.19% (5.0%APR) until September 2 2008. The MIG-free deal carries a redemption penalty for the same period as the fix, but borrowers can repay up to 10% of the loan penalty-free each year. The deal requires a minimum deposit of 10% […]

CETA sets up Spanish property brokerage

General insurance network CETA has set up the Spanish Property and Investment Network to offer a one-stop shop via brokers for people looking to buy houses in Spain. The service will help homebuyers overcome the difficulties involved in Spanish property purchases, including finding a property and making contact with UK-based Spanish lawyers, through to sorting […]

Beckham and Churchill are favourites for £5 note

David Beckham and Winston Churchill have been voted the two figures the public would like to see printed on their fivers, a study by Virgin Money reveals. Over half of us think Beckham should be the new face of British money, with wartime leader Winston Churchill coming in second. The &#39New Face of Money&#39 study […]

Industry calls for more research on HIPs

The Council of Mortgage Lenders and the National Association of Estate Agents have added their weight to select committee calls for more research before the planned Home Information Pack is launched. A parliamentary select committee has been set up to review the government&#39s draft Housing Bill. It reported last week that much work still needs […]


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