Leeds Building Society has revealed that it saw its busiest ever first working day of the year as customers took advantage of new lower rates as a result of reductions made to its mortgage rates earlier this month.
The mutual has now announced further rate reductions
New deals include the following:
Residential 2-year fixed rate up to and including 30th April 2026:
- Fixed Rate of 4.43%.
- £999 fee payable upon completion
- Available up to 65% Loan to Value
- Free Standard valuation
- Fees assisted in-house legal service for remortgages
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Residential 2-year fixed rate up to and including 30th April 2026:
- Fixed Rate of 5.49%.
- No completion fee
- Available up to 95% Loan to Value
- Free Standard valuation
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Shared Ownership 5-year fixed rate up to and including 30th April 2029:
- Fixed Rate of 5.26%.
- No completion fee
- Available up to 95% Borrower Share
- Free Standard valuation
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Jonathan Thompson, senior product & pricing manager at Leeds Building Society, said: “Including the changes made two weeks ago, we’ve now cut rates on 68 products this month and introduced 10 new residential products.
“With an average reduction of 0.37%, these changes will take hundreds of pounds off the price of an average residential reversionary rate for those who are nearing the end of their current mortgage. We also hope these reduced rates will help many aspirational first-time buyers take their first step onto the property ladder.”