Leeds Building Society is set to reduce rates across its residential mortgage range by up to 0.18% from Saturday 10th May, following today’s Monetary Policy Committee (MPC) meeting.
The new rates, available from Saturday, include a residential 3-year fixed rate at 4.59% (reduced by 0.18%) available up to 80% loan-to-value (LTV).
It also comes with a free standard valuation, fees ees assisted in-house legal service for remortgages, tapered Early Repayment Charges (ERCs) and a 10% Penalty Free capital over repayment allowed each year.
In addition, as part of the changes, the lender is introducing a residential 5-year fixed rate at 4.26% (reduced by 0.05%) available up to 65% LTV.
Jonathan Thompson, senior product and pricing manager at Leeds Building Society, said: “As the Bank of England has reduced the base rate, we’re making some changes to our mortgage range and reducing a number of our rates from today.
“We’ve implemented these changes to give brokers, buyers and homeowners greater choice as we anticipate further reductions in the market following the Monetary Policy Committee decision.”
