Leeds Building Society has announced a major shake-up to its mortgage rates, with cuts of up to 0.35% on some of its most popular deals.

This means borrowers could save thousands of pounds over the lifetime of their mortgage. For example, on a £250,000 mortgage over 25 years, a 0.35% rate cut could save you over £30 per month!

Here’s what you need to know:

• Fixed-rate mortgages have been reduced across the board, offering security for borrowers worried about rising interest rates.
• The biggest savings are on the five-year fixed-rate mortgage, now available at a competitive 4.09% (down from 4.44%). This deal comes with a £999 completion fee and is open to those borrowing up to 75% of their property’s value (LTV).
• For those seeking a shorter-term fix, the three-year fixed-rate mortgage is now available at 4.60% (down from 4.85%) and comes with no completion fee. This deal is also available up to 75% LTV.

Jonathan Thompson, Senior Mortgage Manager at Leeds Building Society, said: “We’re committed to offering competitive rates to support borrowers. These rate reductions reflect our dedication to helping people achieve their homeownership goals, whether they’re buying their first home or securing a better deal on their current mortgage.”

These rate cuts come as a welcome relief for borrowers amidst rising living costs and economic uncertainty. If you’re considering buying a home or remortgaging, now could be a great time to explore the options available with Leeds Building Society.