Rates reduced on Leeds’ two- and five-year fixes

Leeds Building Society is cutting rates on its range of two- and five-year fixed rate mortgages at 75 per cent and 80 per cent LTV (loan to value).

From today, the Society is reducing its five-year fixed rate mortgages:

• from 3.09 per cent to 2.89 per cent, up to 75 per cent LTV, and
• from 3.34 per cent to 2.99 per cent, up to 80 per cent LTV

The Society also will offer a competitive fee-assisted five-year fixed-rate mortgage up to 80 per cent LTV, reduced from 3.44 per cent to 3.09 per cent. This comes with a free standard valuation up to £335 and fees assisted legal services for standard remortgages.

Furthermore, Leeds will also lower rates on its two year fixed rate mortgages:

• from 2.39 per cent to 2.24 per cent up to 75 per cent LTV, and
• from 2.59 per cent to 2.39 per cent up to 80 per cent LTV

The Society is also offering a competitive fee assisted two year fixed rate mortgage up to 80 per cent LTV, reduced from 2.69 per cent to 2.44 per cent. This again comes with a free standard valuation up to £335 and fees assisted legal services for standard remortgages.

“We’ve reviewed our range of competitive two and five year deals to offer borrowers an additional range of benefits including low fees, free valuations and free legal services,” says Martin Richardson, Leeds Building Society’s general manager of business development.

“We’ve reduced rates where we’ve been able to and expect these deals to appeal both to remortgagers, who have more equity in their property, and homebuyers with a larger deposit to put down.”