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Leeds launches five-year 4.99% B2L deal

Leeds Building Society has launched a five-year fixed rate buy-to-let deal at 70% LTV, which also allows for 10% capital repayments each year without penalty and has no higher lending charge.

There is also a fees assisted version of the product at 5.49% up to 70% LTV, combined with a free standard valuation worth up to £335 and free in-house legal services for standard re-mortgages.

Phil Coombes, head of intermediary sales at Leeds Building Society, says: “Our new five-year buy-to-let product will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments.

“The Society is also benefiting first-time landlords, who may require help with up front costs, by offering a market leading fees assisted deal for a five-year period.”


Low rates prompt drop in arrears for young owners

The number of home owners in their 20s in mortgage arrears contacting debt charity Consumer Credit Counselling Service has almost halved over the past two years. CCCS saw only 816 such clients with arrears in 2011 compared with 1,344 in 2009. The charity attributes the improvement to low interest rates which have reduced monthly mortgage […]

Week in Numbers

£424m -the amount Brits are estimated by Santander Insurance to have collectively spent on the Jubilee weekend on food, drink, decorations and hideous memorabilia. £87m – The amount that website paid Martin Lewis last week for £80m – The money being put up for loans to 18-24 year olds to start their own […]

Automated systems need a human touch

According to Murphy’s Law, “If there’s more than one way to do a job and one of those ways will end in disaster, then somebody will do it that way.”


Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).


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