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Leeds & Holbeck launches second mortgage product

Leeds & Holbeck building society is launching a new best buy mortgage to compliment its first mortgage product.

The new mortgage offers a capped base rate tracker with the cap ensuring the maximum rate payable remains at 4.75 per cent.

It is available immediately until December 1. 2008, up to 75 per cent LTV.

There is no higher lending charge and requires a minimum loan of 100,000.

Free MPPI is offered for the first six months, while a completion fee of 695 is charged.

Leeds & Holbeck corporate relationship manager Jeff Kirk says: “This is the second best buy mortgage from Leeds Building Society which makes it two out of two market leading products.”

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