Leeds Building Society Reduces Rates Across Its Mortgage Range

Leeds Building Society has made some exciting changes to its mortgage range, with rate reductions across the board. The new rates are now available for both new and existing customers.

For those looking to take out a mortgage, this is great news. Leeds Building Society has reduced rates on its two-year fixed rate mortgage, making it an even more attractive option.

The changes apply to a range of mortgage products, including fixed rate and variable rate options. This means that customers have more flexibility and choice when it comes to their mortgage.

Related reading: Building Societies in England

Leeds Building Society has been making some exciting changes to its mortgage range, and we're here to break it down for you.

The society has increased its maximum LTV ratios for new build properties and flats, with the maximum LTV on new build flats increasing from 80% to 85% and the maximum LTV on new build houses increasing from 90% to 95%.

Explore further: Mortgage Loan Society Mortgage Rates

Leeds has also reduced mortgage interest rates by up to 0.20% across a selection of its mortgage products at 75% and 90% LTV.

The society has launched new fee-free options, including a two-year fixed rate at 5.04% up to 75% LTV and a five-year fix at 5.39% up to 95% LTV.

Some of the key rate reductions include a two-year fixed rate at 65% LTV, reduced to 4.44% with a £999 fee, and a two-year fixed rate at 75% LTV, reduced to 4.45% with a £1,499 fee.

Here are some of the key products and their rates:

These changes are great news for anyone looking to buy a new home, especially first-time buyers who may be struggling to save for a deposit.

Leeds Building Society has been making significant changes to its mortgage rates, offering more affordable options for borrowers. The Society has reduced its mortgage rates by up to 16bps, with the largest reduction being to a two-year fixed rate at 65% LTV, now available at 4.44% with a £999 fee.

For another approach, see: Building Society

This is not the only change, as the Society has also introduced a new two-year fix at 65% LTV with no fee, available at 4.75%. The reduction in rates will provide greater flexibility for borrowers and help them achieve their goal of homeownership.

For new builds, the maximum LTV on new cases for standard residential houses will increase from 90% to 95%, and the maximum LTV on new build flats will increase from 80% to 85%. The maximum LTV for non-new build flats will also increase from 80% to 95%.

Some of the specific rate reductions include:

These changes are part of the Society's efforts to support more people onto and up the property ladder, despite the challenges posed by the increasing cost of living.

Leeds Building Society has made significant reductions to its mortgage rates, with its two-year fixed purchase and remortgage rate up to 75 per cent LTV now priced from 4.6 per cent.

This reduction will likely have a positive impact on borrowers who are looking to remortgage or purchase a home with a smaller deposit. The deal also includes fees assisted in-house legal service for remortgages.

The completion fee for both deals is £999, and there's a free standard valuation of £999. Early redemption charges are 2.5 per cent in the first year, then 1.5 per cent in the second year of the amount redeemed.

Borrowers can also make 10 per cent penalty-free capital overpayments per year, which can help reduce the amount owed on the mortgage.

If this caught your attention, see: 5 Year Interest Only Mortgage Rates