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News: L&H cuts cost of Shared Ownership mortgage

Leeds & Holbeck Building Society has cut the cost of its 5-year fixed rate Shared Ownership mortgage to 4.99%. The rate includes a 0.24% discount for taking out the society's home insurance.

The loan, which is set to run through December 1st 2010, doesn't have any higher lending charge. Customers meanwhile can borrow up to 100% of their share of the loan available.

A completion fee of £249 is in force, as are tapered early repayment charges of 5% of the amount redeemed in years 1-2, 4% in year 3, 3% in year 4 and 2% in year 5

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