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Leeds launches three-year fixed rate mortgage

Leeds has launched a three-year fixed rate mortgage at only 4.49%, which is currently the lowest three-year fixed rate available in the market.

Jeff Kirk, corporate relationship manager at Leeds, says: “This product allows clients to fix their payments at a rate which is significantly lower than any other three-year fixed rate in the market and 0.26% below base rate.

“It’s available up to 80% loan to value, provides flexibility by allowing 10% capital repayments each year without penalty and there is no higher lending charge.

“Clients can also add the completion fee to the loan and this, combined with the low rate, allows clients to keep their monthly payments to a minimum and provides the peace of mind associated with certainty of payments.

“Typically, other providers who charge a percentage completion fee do so over a shorter period. Therefore, when it is divided by the product term, this fee works out at a lower pro rata cost and provides locked in value over a longer period.”


Home sizes are getting smaller

Higher density living is on the rise as the government tries to squeeze more households into smaller homes, says Wolsey Securities. The residential finance specialist for small house builders says 61% of new homes being built within its portfolio are apartments while the average new home plot size is continuing to shrink.

Feminists attack edeus ad

The mortgage industry has defended edeus’ advertising campaign after feminist group Object branded one advert “gratuitous” last week. A spokeswoman for the group criticised the ad which features a pair of stiletto-clad female legs in the foreground with two businessmen in the background, as offensive to women by referring to lap dancing clubs. She says: […]

Secured loans package deal

Residential 1 and independent mortgage group Connect have made an arrangement for the Bromley-based broker to package secured loans on behalf of Connect’s 1,200 members.

Morale remains high at Platform

Platform says morale is high among its staff despite the revelation last week that Guy Batchelor has resigned as sales and marketing director to join Lehman Brothers. Batchelor will join Lehman next January to take responsibility for franchise development in its European mortgage capital business, reporting to Chris Rupp, chief administrative officer of the business […]


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