Leeds Building Society cuts mortgage rates by up to 0.22%

Leeds Building Society has reduced mortgage rates by up to 0.22% across its mainstream residential, shared ownership and buy-to-let ranges, with the changes taking effect immediately.

On the residential side, a two-year fixed rate is now available at 5.22%, down from 5.30%, up to 90% LTV with no completion fee. A three-year fix has dropped from 5.70% to 5.58%, available up to 95% LTV, also fee-free. The five-year residential fix now sits at 5.06%, reduced from 5.14%, up to 90% LTV. All residential products include a free standard valuation up to £999.

The shared ownership range has seen the largest single reduction, with its five-year fixed rate falling 0.22% to 4.94% from 5.16%, available up to 95% LTV with no completion fee and a free standard valuation up to £999.

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Five-year fixed buy-to-let mortgage rates have been cut from 4.89% to 4.67%, available up to 60% LTV. The product carries a £1,499 completion fee and includes a free standard valuation up to £999, with a fees-assisted in-house legal service 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. 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."