View more on these topics

Leeds Building Society launches two fixed rate mortgages

The latest figures from The Council of Mortgage Lenders show that fixed rate mortgages accounted for 54% of all loans in August, which is the highest proportion ever since monthly records began in 1998.

With this in mind, Leeds Building Society has launched a new two year fixed rate mortgage from only 4.75% and a three year fixed rate from only 4.79%.

Jeff Kirk, corporate relationship manager says: “Continuing consumer uncertainty surrounding the impact of future bank base rate changes means that short term fixes are very popular.

“We are now offering two and three year fixed rates from only 4.75% and 4.79% respectively, which will prove extremely attractive to clients looking to remortgage or purchase.

“There is no higher lending charge up to 90 per cent loan to value and the products are fully portable, so if customers do wish to move within the fixed rate period, they can take the deal with them.

“We have also produced fee free versions for clients who prefer help with fees. These products, at only 5.25% for two years and 5.29% for three years, have no higher lending charge up to 90 per cent loan to value.

“They also offer a free valuation up to 335 and free in-house legal services for remortgages. Therefore, if a client is looking for a short term fixed rate, we have a highly competitive option to suit them.”


MEX looks into poor advice claim

Mortgage Express is investigating allegations that one of its sales team has been incorrectly advising brokers on how to fill in self-cert mortgage applications. One source tells Mortgage Strategy that a broker has voiced concerns to senior management at MEX after he was advised by one of its BDMs on how to exploit loopholes in […]

HBOS in crisis: First Commentary

The dramatic but expected departure of Michael Bolton from HBOS has sent the specialist lending market into a spin.Bolton quit the organisation yesterday morning to join The Oakwood Group, a London-based private equity firm fronted by Future Mortgages founder Mike Culhane, immediately taking with him four other key players: Alan Cleary, director of sales at […]

Halifax reveals 1.2% rise in house prices

Figures from the Halifax House Price Index show house prices increased by 1.2% in September, and 1.8% in Q3. The annual rate of house price inflation, at 3.0%, is significantly lower than the 20.5% recorded in 2004 Q3. The latest Bank of England figures show the number of mortgage approvals to fund house purchase increased […]

Flexible BCI launch at Expo

D&D Homecare is to launch its flexible building and contents insurance product at this year’s Mortgage Expo in London. The flexible nature of the product means home buyers can mix and match options to suit their needs rather than paying more for additional options. The company describes itself as a wholesaler, designing products for networks […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


News and expert analysis straight to your inbox

Sign up