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Leeds launches fee free five-year fixed

Leeds has released a fee-free five-year fixed rate product at 5.99%.

The new product is available up to 90% LTV, has no higher lending or completion fee, and allows 10% capital repayments each year without penalty.

Jeff Kirk, corporate relationship manager at Leeds, says: “This five-year fixed offers outstanding value, with certainty of payments in a volatile market and the flexibility to pay 10% of the balance without penalty.

“This product is ideal for remortgages and purchases alike.

“It will also appeal to first-time buyers and others with smaller deposits.

“Clients with less funds available for fees can still benefit from all the advantages provided by fixed payments.

“Our sales figures show that many clients prefer fee-free products.”


SPML appoints BDM

Southern Pacific Mortgage Limited has appointed Lisa Partington as a business development manager for Essex, and East and North London.She joins SPML from Beacon Mortgages where she was BDM for two years. Prior to this, she worked in BDM roles at Advantage.Lynsey Mitchell, head of sales and development at SPML, says: “Lisa brings over eight […]

MI launches two-year fixed from Abbey

Mortgage Intelligence has launched a semi-exclusive Abbey product which has a fixed rate of 5.19% for two-years. The deal is for loans up to 500,000 for both purchase and remortgage and has a maximum LTV of 90%. It has an arrangement fee of 999 which can be added to the loan and there is no […]

Nationwide to create intermediary team

Nationwide is to create a team of senior management dedicated to intermediary markets and specialist lending subject to its merger with Portman going ahead. Heading up the team will be Matthew Wyles, who will become a group executive director, with Peter Leydon taking on the role of divisional director intermediary markets and Andy McQueen becoming […]

Skipton launches capped trackers

Skipton has launched two capped tracker mortgages. The three and five year base rate tracker capped mortgages are both capped at 5.99% – meaning the maximum monthly payment a borrower would make during the capped period on a £100,000 repayment mortgage over a 25 year term would be £643. Colin Dale, head of lending at […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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