Leeds Building Society’s five-year cashback products have been reduced by 0.1 per cent.
The range now offers rate of 2.36 per cent at 65% loan to value (LTV) and 3.06 per cent at 90% LTV, as well as £1,000 cashback.
At the same time, the lender has increased the cashback on its two-year 75% LTV mortgage to £1,000.
Matt Bartle, director of products at Leeds Building Society (pictured), said: “We keep our mortgage range under constant review and try to offer a wide range of products to meet the needs of our customers.
“Our cashback range can give borrowers a little bit of extra flexibility at a time when they have other expenses,” he added.
Newbury tweaks shared ownership
Newbury Building Society has also cut the rate on its shared ownership variable mortgage from 3.24 per cent to 2.99 per cent.
The three-year discount is available at 95% LTV and has no early repayment charge (ERC).
Roger Knight, lending manager at Newbury Building Society said: “We’re delighted to further help those looking for a shared ownership mortgage by reducing our three-year discount mortgage product.
“No ERC means the borrower is able to clear their mortgage early with no penalty charges or exit the mortgage when they wish. This type of mortgage is perfect for those who value their flexibility or if their circumstances unexpectedly change.”
Accord cuts buy-to-let deals
The intermediary-only arm of Yorkshire Building Society Group has reduced all five-year buy-to-let mortgages, as well as select tracker mortgages by 0.30%.
It means Accord now offers 2.22 per cent fixed rates for five years at 60% LTV.
The lender has also launched a range of three-year fixed rates at 2.45 per cent for landlords with 40% deposits.
Toni Roberts, Accord Buy to Let’s mortgage product manager, said: “Uncertainty surrounding the wider economy and bank rates has meant brokers are telling us that landlords are keen to fix their repayments for longer.
“That’s why we’ve introduced three competitive three-year fixed rates and reduced all of our five-year fixed rate products. We hope they will prove popular with brokers and landlords.”
