Leeds Building Society has announced some good news for anyone looking to buy a home or remortgage – they’re cutting rates on a range of their fixed-rate mortgages!

The building society has reduced rates by up to 0.30% across a selection of two, three and five-year fixed-rate mortgages. This includes options for homeowners, first-time buyers, and landlords.

Here are some of the highlights:

For Homebuyers:

• Two-year fixed rate: Get a rate of 4.60% with a 65% loan-to-value (LTV). This is available for both purchases and remortgages and comes with a £999 fee.
• Five-year fixed rate: Secure a rate of 4.65% with an 85% LTV (no fee!).

For Remortgagers:

• Two-year fixed rate: Snap up a rate of 5.65% with an 85% LTV (no fee!).
• Three-year fixed rate: Bag a rate of 5.29% with an 85% LTV (no fee!).

For Landlords:

• New five-year fixed rate: Leeds BS has launched a new five-year fixed rate buy-to-let mortgage for limited companies at 5.39% (up to 75% LTV, £1,499 fee).

All products come with a free standard valuation (up to £999) and a free in-house legal service for remortgages.

Jonathan Thompson, senior mortgage manager at Leeds Building Society, said: “The price of mortgages is dictated by a number of factors, and the expected reduction in base rate which was announced earlier this month is good news for first-time and existing borrowers, as rates continue to drop across the market. As such, we’re very pleased to be able to make some further reductions in support of new and existing borrowers.”

“We are cautiously optimistic about the mortgage market and the changes made will give brokers, buyers and homeowners greater choice, and we continue to assess our range of products in support of new and existing members.”