Date:Thursday 16th December 2010
Author: Max Freedman
A Leeds Building Society mortgage spokesperson has hailed a new product for the value for money it delivers.
Martin Richardson, general manager of marketing and business development, made his remarks regarding the two-year discount mortgage, which is available at 2.54 per cent interest.
“We expect this impressive new product to be popular due to the combination of both a low interest rate and a flat completion fee,” he said.
The home finance proposition is open to consumers at up to 70 per cent loan to value and Mr Richardson lauded customers’ ability to make ten per cent of capital repayments without being charged.
In his opinion, it is likely to appeal to people signed up to larger loans due to the impact the low interest rate will have on their monthly repayments.
This week, Leeds Building Society announced the winner of its national Christmas card competition – a seven-year-old girl called Riya Sushil Maslekar.