"Including the changes made two weeks ago, we’ve now cut rates on 68 products this month and introduced 10 new residential products."
- Jonathan Thompson, senior product and pricing manager at Leeds BS
Leeds BS has announced further cuts to its residential mortgage range, with an average reduction of 0.37%.
The Society has recorded its busiest ever first working day of the year as customers took advantage of new lower rates.
As part of the changes, a two-year fixed rate at 65% LTV has reduced to 4.43% with a £999 fee.
At 95% LTV, a two-year fixed rate has decreased to 5.49% with no completion fee, while a five-year fixed rate shared ownership product available up to 95% borrower share is down to 5.26% with no fee.
All products come with a free standard valuation, fees assisted in-house legal service for remortgages, tapered early repayment charges and 10% penalty-free capital over repayments allowed each year.
Jonathan Thompson, senior product and pricing manager at Leeds Building Society, said: “Including the changes made two weeks ago, we’ve now cut rates on 68 products this month and introduced 10 new residential products.
“With an average reduction of 0.37%, these changes will take hundreds of pounds off the price of an average residential reversionary rate for those who are nearing the end of their current mortgage. We also hope these reduced rates will help many aspirational first-time buyers take their first step onto the property ladder.”
