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Aug 14, 2006
Leeds Building Society has introduced two fixed rate mortgage products
following recent interest rate adjustments made by the Bank of England.
The Ten-year Fixed Rate Mortgage product offers a rate of 5.19 percent.
The mortgage instrument allows ten percent capital repayments each year, and up
to 95 percent loan to value is made available to borrowers. The product has a
fee-free option that lets customers with less funds available for fees enjoy
the benefits of fixed payments over a longer period.
Meanwhile, the company’s Three-year Fixed Rate Mortgage offers a rate
of 4.49 percent for a three-year period. This fixed rate product is available
at up to 80 per cent loan to value, Leeds
added.
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