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Leeds launches market leading offset mortgages

23rd October 2009 Print
Leeds Building Society has launched a range of offset mortgages from only 5.49% that includes a number of market leading products. Furthermore, borrowers can access mortgage funding with only a 15% deposit and there are fee assisted options for those customers who require help with up front costs.

Kim Rebecchi, Director of Sales & Marketing said, "We have looked at this range carefully and delivered some market-leading mortgages that include fee assisted offset options that are unique in the market and provide peace of mind over a 5-year period.

"Offsetting can save customers interest on their mortgage, enabling them to pay it off quicker and provide a higher tax efficient equivalent savings rate compared to a normal investment product. Savings are also kept in a completely separate account, so there is no need for a fundamental re-organisation of finances, and customers have unlimited access to them at any time, providing outstanding flexibility and excellent peace of mind."

The range starts at only 5.49% variable and Leeds Building Society has increased the maximum loan to value on this product from 60 to 80%, with unlimited capital repayments allowed. Customers can lock into the certainty of a 5-year fixed rate from only 5.50%. There are also versions of this product that only require a 15% deposit as well as unique fee assisted options.

Kim added, "These market leading products will prove popular with those customers who have smaller deposits, wish to maintain complete flexibility with their savings, require help with up front costs and require peace of mind."

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