Leeds Building Society is making rate reductions across its mortgage range from today (Tuesday, 2nd January 2024).
The revised mortgage products include a 2-year fixed rate up to 75% loan-to-value (LTV) at 4.60%, and a 2-year fixed rate up to 95% LTV at 5.59%. Both these products offer a 0.75% discount from the Society’s standard variable rate (SVR) following the fixed period.
Additionally, there is a Shared Ownership 5-year fixed rate available up to 95% borrower share, fixed at 5.59%, and a buy-to-let 2-year fixed rate up to 60% LTV at 5.55%.
These changes are part of the Society’s efforts to make homeownership more accessible. Matt Bartle, director of products at Leeds Building Society, had this to say: “In support of our purpose of putting homeownership within reach of more people, we have decided to start strong in 2024 by making reductions on rates across our mortgage product range to support more people onto and up the property ladder.
“In 2023 the mortgage market was constrained due to the ongoing pressure of the increasing cost of living, but as a lender we want to play our part to try to overcome the hurdles people face and help more people into homeownership.”
