Sub-5.75% mortgage launched

The latest offering from LBS is fixed at 5.69% for three years with no higher lending charge and allows 10% capital repayments each year. Another rate rise to 6% is expected by the end of 2007 and fixed rate deals below the current base rate are likely to be popular, despite analysts predicting that interest rates will fall next year. Completion fees are 2% of the loan amount, which can be added to the mortgage. Karen Wint, head of marketing and PR at LBS, adds: “We have also launched a fee free version for customers who require help with other costs including completion fee, valuation f...