Leeds Building Society cuts mortgage interest rates – The Intermediary

From tomorrow, Wednesday 22 May 2024, Leeds Building Society will be cutting interest rates across its mortgage range to reduce the cost of monthly mortgage payments for new borrowers.

The company has reduced mortgage interest rates by up to 0.20% on selected products at 75% and 90% loan to value (LTV) and introduced new 95% LTV options.

Key changes include a 2-year fixed rate of 5.14% up to 85% LTV, a five-year fixed rate of 5.39% up to 95% LTV and new no-fee options for 2-year fixed rates years (max. 75% LTV) and fixed rates for 5 years (max. 95% LTV).

Jonathan Thompson, senior product and pricing manager at Leeds Building Society, said: “We have reduced rates on existing 2-year fixed rate residential mortgages by up to 0.20% and expanded the choice available to borrowers by introducing to a new commission- Free fixed rate for 5 years at 95% LTV.”

He added: “By reducing interest rates in a dynamic mortgage market and in turn lowering the cost of monthly mortgage payments, we are putting the interests of our members first and achieving our goal of putting home ownership within the reach of more people.”