Leeds deal is cheapest

Friday 22 October 1993 18:02 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

LEEDS Building Society has launched a new five-year fixed mortgage at 7.45 per cent - the cheapest such deal on the market.

But borrowers have to pay an arrangement fee of pounds 250 and the offer will not cover more than 60 per cent of the property's value. The offer is aimed at people looking for the best remortgage deals.

Bank of Ireland Mortgages is offering a fixed or capped rate of 3.75 per cent until 1 January 1995. Borrowers must have a deposit of at least 25 per cent since the loan cannot be more than 75 per cent of property value. There is an arrangement fee of pounds 260 but this is payable on completion rather than at the outset and there is no compulsory insurance.

Redemption penalty is two months interest in the first two years and there are no compulsory insurances. There will a choice of a fixed or variable rate at the end of the fixed period.

Staffordshire Building Society has a 1.4 per cent discount until 31 January 1995 which brings the rate down to 6.59 per cent. Repayment, endowment or pension mortgages can be taken out and there is no arrangement fee.

National & Provincial is offering payment protection to over 125,000 existing mortgage customers. The redundancy, sickness and accident insurance can cover mortgage payments for up to two years. It costs pounds 7.20 for each pounds 100 of cover. Repayments on a pounds 40,000 loan would cost just over pounds 20 a month to insure.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in