Leeds BS cuts residential mortgage rates by up to 0.20% 

Leeds Building Society is reducing rates across its residential mortgage range by up to 20bps from today, ahead of Thursday’s Monetary Policy Committee meeting.

The new rates cover homeowners who are looking to renew their mortgage, those who are moving house, and first-time buyers with a larger deposit amount.

A two-year fixed rate at 65% LTV has reduced to 4.07% with a £1,499 fee or 4.34% fee-free.

At 75% LTV, a two-year fix has reduced to 4.44% with no fee.

The products come with a free standard valuation and fees assisted in-house legal service for remortgages, with tapered early repayment charges and 10% penalty-free capital over repayments allowed each year.

Jonathan Thompson, senior product  and pricing manager at Leeds Building Society, said: “The changes we have made to our mortgage range today will hopefully go some way to alleviating the pressure on homeowners who are coming towards the end of their fixed-term rate.

“We’ve implemented these changes to give brokers, buyers and homeowners greater choice as rates drop across the market, and we continue to assess our range of products in support of new and existing members.”