Leeds Building Society has announced mortgage rate reductions of up to 0.22% across its mainstream residential, Shared Ownership and buy-to-let ranges, with the new pricing available from today.
The lender said the reductions were aimed at supporting first-time buyers, home movers, remortgage customers and landlords as affordability pressures continue across the market.
Among the changes, the Society has reduced its 2-year fixed residential mortgage up to 90% loan-to-value to 5.22% from 5.30%, while its 3-year fixed residential mortgage up to 95% loan-to-value has fallen to 5.58% from 5.70%.
Its 5-year fixed residential mortgage up to 90% loan-to-value has also reduced to 5.06% from 5.14%, while the Shared Ownership 5-year fixed product up to 95% loan-to-value has been cut to 4.94% from 5.16%.
Leeds Building Society has also reduced its 5-year fixed buy-to-let mortgage up to 60% loan-to-value to 4.67% from 4.89%. The product includes a £1,499 fee, free standard valuation up to £999 and fees-assisted in-house legal services for remortgages.
Jonathan Thompson, senior product and pricing manager at Leeds Building Society, said: “We’re pleased to be reducing mortgage rates by up to 0.22% across our range, providing further support to borrowers at a time when affordability remains a key concern. These changes reflect our ongoing commitment to offering good value and helping more people achieve their homeownership goals or manage their existing mortgage more confidently.”
Thompson added: “We continuously review our pricing to ensure we remain competitive while meeting the needs of both new and existing customers, and today’s announcement is another step in delivering on that promise.”