Leeds Building Society and Bank of Ireland are slashing their mortgage rates. These cuts will take effect today.

Bank of Ireland is offering cheaper rates on its popular ‘Bespoke’ mortgages for those borrowing 75% to 90% of their property’s value. This means you could save money whether you’re buying your first home or remortgaging an existing property.

Here are some examples of the savings on offer:

• Two-year fixed-rate mortgage at 80% LTV: Rate cut by 0.29% from 5.22% to 4.93%. This deal comes with a £1,495 fee and £500 cashback.
• Five-year fixed-rate mortgage at 80% LTV: Rate cut by 0.05% from 4.70% to 4.65%. This deal also has a £1,495 fee and £500 cashback.
• Two-year fixed-rate mortgage at 85% LTV: Rate cut by 0.28% from 5.27% to 4.99% This deal comes with a £1,495 fee and £500 cashback.

And there’s more good news! Bank of Ireland is also cutting rates on:

• 90% and 95% LTV mortgages: Offering both two and five-year fixed-rate options with different fees and cashback amounts.
• Large loans: For those looking to borrow larger sums.
• Green mortgages: Rewarding environmentally friendly homes.
• Buy-to-let mortgages: For landlords expanding their portfolios.

Leeds Building Society Targets Landlords and Homebuyers

Leeds Building Society is also getting in on the act, with significant cuts for landlords:

• Limited company buy-to-let mortgages: Rates reduced by up to 0.20%.

Residential homebuyers can also benefit from:

• Residential purchase mortgages: Rates cut by up to 0.16% on selected deals.

Don’t Miss Out!

These rate cuts come hot on the heels of similar moves by Suffolk and Market Harborough building societies, who both reduced rates by up to 0.30% today. Santander is also joining the party with rate reductions today.

Important Note: Existing deals at Leeds Building Society will be withdrawn from midnight tonight, so act fast to secure your mortgage before the rates change!