Leeds Building Society reduces mortgage rates across new and existing customer ranges
Leeds Building Society has made changes to its new lending and existing customer mortgage ranges, affecting new applications and new rate switch applications only.
As part of the society’s new lending offering, selected Shared Ownership fixed rates will be reduced by 0.10%.
In addition, Leeds Building Society’s 60% loan-to-value (LTV) buy-to-let and portfolio buy-to-let fixed rates will also be reduced by up to 0.15%.
For the society’s existing customers, its 2-year 85% Shared Ownership fixed rates will be reduced by 0.10%, while its 60% LTV buy-to-let and portfolio buy-to-let fixed rates will be reduced by up to 0.15%.
Any applications for withdrawn products must be submitted by midnight tonight, Wednesday 25th October.
Sean Hanson, senior mortgage manager at Leeds Building Society, said: “As an important tenure within a healthy housing market, we continue to respond to the changing needs of landlords in the private rented sector.
“The further rate reductions we have made will serve the market as a whole, helping to reduce costs for landlords, which we hope will improve the outlook for private renters too.
“The changes we’ve made as part of our ongoing review of rates aims to support our intermediary partners who are advising clients in this sector.”