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L&H launches two-year fixed rate loan

Leeds & Holbeck Building Society is launching a two-year 3.99 per cent fixed rate loan.

Designed for the intermediary channel, the rate is fixed until July 1, 2005 and open to new borrowers and existing society borrowers who are moving home.

It is available up to 905 per cent loan to value and offers a free valuation.

Corporate Relationship Manager Jeff Kirk says: “We believe this product will compete strongly in a market place where demand for two-year fixed rate loans remains buoyant. “

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