Monday, December 11, 2006
Leeds pledges commitment to fixed-rate range
The Leeds Building Society has said that it is committed to providing fixed mortgage rates to its customers in a market of rising interest costs.
According to the lender, its current range of fixed-rate offers will be available until close of business on December 15th.
Karen Wint, head of marketing and PR for Leeds, pointed out that it is currently possible for borrowers to take out a fixed-rate mortgage for ten years at a rate of less than five per cent.
It has been predicted by many economists and market commentators that the Bank of England base rate will be increased again in early 2007.
Ms Wint claimed that fixed-rate mortgages "protect people against that risk and provide peace of mind".
"However, with market rates currently fluctuating, we have to re-evaluate our range and, therefore, I would suggest customers act quickly to secure a mortgage offer and benefit from the peace of mind provided by our current range," Ms Wint added.