Leeds & Holbeck announced reduced
mortgage rates on its flexible five-year
mortgage rate products, available from its Gibraltar branch.
Mortgage
lenders choosing to take out these
mortgages have the option to choose the size of their deposit, and could also opt for a fee-free mortgage.
The
mortgage rate on the five-year fixed mortgage rate starts 4.99 per cent on a maximum loan to value of 75 per cent.
The mortgage rate is set at 5.09 per cent on a loan to value of 90 per cent and 5.49 per cent on 95 per cent loan to value.
The mortgage rate on the fee-free mortgage starts at 5.49 per cent on a loan to value maximum of 75 per cent.
No completion fee applies to this mortgage, and mortgage holders receive a free valuation up to £305.
No higher lending charge applies up to 90 per cent loan to value on either of these mortgages.
Early repayment charges apply on a tapered scheme of five per cent in the first two years of the mortgage, four per cent in the third year and two per cent in year five.
According to Sally Butcher, the Gibraltar operations manager, mortgage
rates across all products were reduced.
"We have gone even further with the five-year fixed rate and we believe these deals offer customers fantastic value, whether they are looking to purchase or
remortgage," she commented.
