Below you will find news relating to mortgages. Get up to date information about the current mortgage market.
Leeds Building Society has the ideal mortgage for customers who are worried about what will happen to their mortgage payments if interest rates continue to rise.
Customers can still fix their payments for 10 years at only 4.99%, there is no higher lending charge and 10% capital repayments are allowed each year without penalty. Furthermore, this product is fully portable which means that customers can take it with them if they move home.
Ian Ward, Chief Executive said, “What fantastic peace of mind to be able to fix your mortgage for the next 10 years below 5%, combined with the added flexibility of being able to make capital repayments each year without penalty.
“With Bank Base Rate currently at 5%, this product will prove attractive for many people who do not want to take any risks on the path of future interest rates and protect themselves against any increases. With all the uncertainty around interest rates, I would suggest customers act quickly to guarantee long term value and peace of mind.”
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FM2 are 'whole of market' advisers with access to a mortgage database containing thousands of mortgage offers - updated daily with many high-street lenders including Halifax, Nationwide, Woolwich, Alliance & Leicester, Cheltenham & Gloucester, RBS, Abbey, Northern Rock, Coventry and Leeds Building Society. Their advisors are able to quickly find a product to suit your individual requirements.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.