Leeds reduces residential and buy-to-let rates by up to 0.40%

Leeds Building Society has reduced rates across its residential, first-time buyer, shared ownership, buy-to-let and interest-only mortgage ranges by up to 0.40%.

Highlights include a residential five-year fixed rate at 95% LTV, down by 30bps to 4.94% with no fee, free standard valuation and fees assisted in-house legal service for remortgages.

A three-year fixed rate first-time buyer product at 95% LTV is down by 40bps to 5.18% with no fee.

In the Society's Income Plus range, a five-year fix at 85% LTV is down by 30bps to 4.99% with no fee.

In addition, a shared ownership two-year fixed rate, available up to 95% LTV borrower share, has reduced to 5.12% with no fee and £500 cashback.

Jonathan Thompson, senior product and pricing manager at Leeds Building Society, said: “We hope these changes will ease the pressure on homeowners nearing the end of their fixed-term deals, whilst also supporting first-time buyers.

“We’re especially pleased to be reducing rates on our Income Plus products which enhance affordability for first-time buyers, and we remain committed to supporting members with a competitive and comprehensive product offering.”