A rate of 5.40% combined with a free valuation up to GBP335, a reduced completion fee of only GBP299 and 10% capital repayments allowed each year, without penalty, make this product very competitive.
Karen Wint, general manager for marketing and customer services at Leeds Building Society, said: After the festive season it is a time when households see a significant increase in expenditure and many mortgage customers will be coming out of a fixed rate in 2008. Clearly, the opportunity to minimize the cost of the biggest monthly outgoing will be welcomed and this sale product provides this.
Most other providers in the market have higher fixed or even percentage based application fees. Therefore, a sub base rate two-year fixed at 5.40% with a free valuation and a reduced completion fee of only GBP299 is extremely attractive.
