For remortgage products, two, five and 10-year fixed rates have been cut by up to 0.83 per cent and completion dates have been extended by one month.
An example includes its two-year fixed rate with £999 fee up to 75 per cent loan to value (LTV) which has been cut by 0.83 per cent to 4.81 per cent.
Product transfer and further advance products have fallen by around 0.92 per cent.
Leeds BS lowers resi, shared ownership and buy-to-let rates
Leeds Building Society has lowered rates across its range, including residential, shared ownership and buy-to-let deals.
For example, its two-year fixed purchase and remortgage rate up to 75 per cent LTV is priced from 4.6 per cent. The deal has fees assisted in-house legal service for remortgages.
Its two-year purchase fixed rate up to 95 per cent LTV stands at 5.59 per cent.
Both are subject to a completion fee of £999, free standard valuation of £999, early redemption charges of 2.5 per cent in the first year, then 1.5 per cent in the second year of the amount redeemed. Both allow 10 per cent penalty free capital overpayments per year.
The lender’s share ownership five-year fixed rate available up to 95 per cent borrower share is priced at 5.59 per cent. It has no completion fee, free standard valuation, early redemption charges starting at five per cent and 10 per cent penalty free capital overpayments permitted per year.
The firm’s buy-to-let fixed rate up to 60 per cent LTV Is priced at 5.55 per cent. It has no completion fee, free standard valuation, fees assisted legal service for in-house remortgages and early redemption charges of 2.5 per cent then 1.5 per cent.
Matt Bartle, director of products at Leeds Building Society, said: “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.”
