Leeds BS cuts residential and shared ownership rates by up to 0.35%

Leeds Building Society is reducing rates across its mainstream residential mortgage range by up to 0.12% and select shared ownership mortgage rates by up to 0.35%.

In its residential range, a two-year fixed rate has reduced to 5.59% up to 95% LTV, while a five-year fix at 95% LTV is down to 5.42%. Both products come with no fees and a free standard valuation.

Shared ownership reductions include a two-year fix at 95% LTV, down to 5.44%, with a five-year fix reducing to 5.29%. Both products are also fee-free and come with a free valuation.

Jonathan Thompson, senior product and pricing manager at Leeds Building Society, said: “We know affordability remains a key challenge for many borrowers, particularly those looking to get onto the property ladder for the first time. 

"By reducing rates across both residential and shared ownership mortgages, we’re aiming to provide more options for a wide range of customers.”