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Leeds & Holbeck brings back 25-year fix

Leeds & Holbeck Building Society has relaunched a 25-year fixed-rate mortgage.

The move follows last week&#39s introduction of the European Mortgage Finance Agency Project which hopes to promote long-term fixed-rate loans.

The product is fixed at 5.99 per cent for 25 years but has three-month windows to redeem or transfer the mortgage in full without early redemption charge in year five and every two years thereafter.

Early redemption charges of six months&#39 interest at L&H&#39s SVR in years one to five and three months interest in year six and onwards apply. The mortgage is fully portable and available up to 90 per cent loan to value.

Head of marketing and PR Tony Burdin says: “Long-term fixed rate mortgages offer customers stability when many commentators are predicting that interest rates will rise.”


Long-term plans

Convertibility, extendibility and renewability options, in their various forms, are an established part of the financial planning scene. They enable clients to extend the period or alter the nature – with traditional convertible term plans the change was from temporary insurance to endowment or whole-life – of the cover provided at a predetermined age or […]

Southern Pacific launches range of light adverse loans

Southern Pacific Mortgages Limited has launched a range of light adverse mortgages. Seven schemes will be available to borrowers, with loan to value available from 65 per cent to 95 per cent, with a 95 per cent MIG free option. Rates range from 2.25 per cent to 4.25 per cent above LIBOR depending on the […]

With-profits is the answer

Three years of negative stockmarket returns has taken its toll on investor confidence and now some would-be investors are choosing to keep their money on deposit. But we need to remind investors that keeping their medium to long-term money on deposit is seldom the best solution. Interest rates are at their lowest level for over […]

Bills of fare

Our industry can look forward to some key announcements emanating from Westminster in the coming weeks. The Queen&#39s Speech, followed closely by the pre-Budget report, will reveal the Government&#39s intentions and, for the first time in a generation, financial services look set to take centre stage. The Government is rolling out a number of initiatives […]


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