Leeds Building Society has reduced rates on a range of its mortgages products.
The cuts include rates on affordable products aimed at first-time buyers, as well as Shared Ownership, Shared Equity, Help to Buy and buy-to-let products with reductions of up to 0.55 percentage points.
New products include:
Hero Products:
Shared Ownership 5-Year Fixed Rate Mortgage: 5.49%
- Initial Rate: 5.49%
- Borrower Share – 90%
- No Fees
- Term: 5 years, until 31/01/2029
Shared Ownership 2-Year Fixed Rate Mortgage: 6.04%
- Initial Rate: 6.04%
- Borrower Share – 95%
- £999 Fee
- Term: 2 years, until 31/01/2026
Sean Hanson, senior mortgage manager at Leeds Building Society, said: “As a key lender in the affordable housing sector, our purpose is to put homeownership within reach of more people, and part of that goal is ensuring we can keep them in their homes.
“Our decision to improve rates on products shows further support for affordable housing schemes and homebuyers looking to step onto the housing ladder.”