Leeds Building Society reduces mortgage interest rates

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

The Society 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 fee-free options for 2-year fixed rates (max. 75% LTV) and 5-year fixed rates (max. 95% LTV).

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

He added: “By reducing interest rates in a dynamic mortgage market and in turn bringing down the cost of monthly mortgage payments, we are putting the interests of our members first and delivering on our purpose to put home ownership within reach of more people.”