Leeds Building Society is set to cut rates across its residential, first-time buyer (FTB), shared ownership, buy-to-let (BTL), portfolio BTL and interest-only mortgage ranges by up to 0.40% from tomorrow, 10th July 2025.
The rates include a residential 5-year fixed rate at 4.94%, down by 0.30%, with no fee payable on completion, and available up to 95% loan-to-value (LTV).
The FTB 3-year fixed rate will drop by 0.40% to 5.18%, also with no completion fee and up to 95% LTV.
The income plus 5-year fixed rate has been cut by 0.30% to 4.99% and is available up to 85% LTV.
Meanwhile, the shared ownership 2-year fixed rate is now 5.12%, a reduction of 0.07%, with £500 cashback and up to 95% borrower share.
All products come with free standard valuation and allow 10% penalty-free capital overpayment each year.
Jonathan Thompson, senior product & pricing manager at Leeds Building Society, said: “We hope these changes will ease the pressure on homeowners nearing the end of their fixed-term deals, whilst also supporting first-time buyers.
“We’re especially pleased to be reducing rates on our Income Plus products which enhance affordability for first-time buyers, and we remain committed to supporting members with a competitive and comprehensive product offering.”
