Hit the sales to find a mortgage

Homeowners looking to compare mortgage rates in the new year could benefit from a sale at Leeds Building Society (LBS).

The fees for LBS’s three-year fixed-rate product up to February 28th 2010 are being reduced, enabling customers to save up to £1,000.

Although the rate of 5.29 per cent is to remain unchanged, the completion fee is being reduced to £335 – down from £750.

LBS is also offering a free standard valuation of up to £335, while also providing free in-house legals for remortgages, or, if it is a purchase, £250 cashback.

Karen Wint, LBS’s head of marketing and public relations, emphasised that buyers of all types may benefit from the mortgage sale.

“The changes made to this already attractive product mean it is ideal for purchases and remortgages alike,” she remarked.

Ms Wint added that the product could provide peace of mind for those concerned about purchasing a discount or tracker mortgage.

Last week, it emerged that lending for mortgages in November 2006 hit record levels for the month, reaching £21.4 billion.

© Adfero Ltd

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