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Leeds launches two-year discount deal at 2.54%

Leeds Building Society has launched a two-year discount mortgage at only 2.54%, available up to 60% LTV.

The product allows 10% capital repayments each year and there is no higher lending charge.

Phil Coombes, head of intermediary sales at Leeds Building Society’s, says: “The very low interest rate will appeal to clients with larger loan sizes due to the benefit it will have with their monthly mortgage payments. Furthermore, the flat completion fee can be added to the loan amount.

“This market leading mortgage at only 2.54% offers excellent value, particularly when combined with the flexibility of 10% capital repayments each year without penalty and no higher lending charge.”



A better year ahead beckons the savvy

It’s that time of year when we get a little dizzy looking back over the past 12 months and then returning to the present. Reflecting on 2010, lending figures were disappointing but not unexpected. Despite strong support from distribution partners, intermediary firms have found the conditions tough. But I believe that the number of brokers […]

Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.


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