Both products have no early repayment charges (ERCS) but offer clients stability of payment until 31 August 2009.
The first product is 4.99 per cent fixed until 31 August 2009, and is available up to 95 per cent loan to value (LTV) for both purchases and remortgaging. The second is a “fee-free fixed” of 5.39 per cent fixed until 31 August 2009, which includes a free valuation (up to £335), free in-house legal service for remortgages (via the Leeds Building Society) and no completion or booking fees. This product is also available up to 95 per cent LTV and available for both purchasers and remortgagers.
John Malone, managing director at PMS, commented: “I’m delighted that a lender such as the Leeds has provided our members with such very competitively priced products for their clients to access. They not only give clients the certainty of payments but also the freedom to change should they so wish.”
Jeff Kirk, corporate relationship manager at Leeds Building Society, commented: “We are constantly looking to provide our major relationships with competitive products that provide benefits for their clients. This product allows their clients to lock in value at a time when the market is expecting rates to rise, but still gives them the flexibility to reassess their situation during the product term.”
Full Product details:
Product 1.
4.99 per cent (6.5 per cent APR) fixed until 31 August 2009
£599 completion fee
Available up to 95 per cent LTV for purchases and remortgages
No higher lending charge up to 90 per cent LTV
No ERC
Product 2
5.39 per cent (6.5 per cent APR) fixed until 31 August 2009
Free valuation (up to £335)
No completion fee
Free in-house legal service for remortgages
No ERC
Available up to 95 per cent LTV for purchases and remortgages
No higher lending charge up to 90 per cent LTV
