The Leeds launches an innovative 0% interest 'Welcome' Mortgage.
The Leeds' new 'Welcome' mortgage offering home-owners 0% interest for up to 6 months, is believed to be the first product of its kind to be launched in the UK.
With a 0% mortgage rate for the first few months, monthly mortgage repayments are cut by hundreds. Lower repayments mean the chance to free up cash to spend on other things such as home improvements or new furniture.
It is an innovative deal available for a 3 or 5 year term, which allows you to choose the length of time you pay zero interest for. The maximum interest free period is 6 months. Repayments on this Leeds 'Welcome' mortgage are initially far lower than repayments on standard deals.
The mortgage rate charged after the initial interest free period depends on how many months you chose the interest free option for.
For a Leeds' 3 year fixed rate mortgage offering a three month 0% interest period rates start at 3.79%, and for a 5 year fixed rate mortgage with the same interest free period rates start at 4.23%.
This new product offers excellent value for borrowers purchasing a new home, as the 0% interest period can substantially reduced outgoings. It is a truly innovative new mortgage deal specifically designed to offer home-owners a break from interest payments.
If you would like to review this product in more detail and would like a quote call an adviser on 0800 048 8828.
For a 0% interest mortgage quote call Deal Direct today.
