Leeds BS cuts resi rates by up to 20bps – Mortgage Finance Gazette

The lender’s top cuts, which hit the market tomorrow (May 22), include:

• Two-year fixes from 5.14% to 85% LTV
• Five year fixes from 5.39% to 95% LTV

Mutuala is also introducing fee-free offers for two-year fixes, up to 75% LTV, and five-year terms, up to 95% LTV.

Senior product and pricing manager at Leeds Building Society, Jonathan Thompson, says: “We have reduced rates on existing two-year fixed-rate residential mortgages by up to 20bps and expanded the choice available to borrowers by introducing a new term of five years without commissions. fixed rate at 95% LTV.”

“By lowering interest rates in a dynamic mortgage market and, in turn, lowering the cost of monthly mortgage payments, we are putting our members’ interests first and fulfilling our goal of putting homeownership within the reach of more people.”