Leeds Building Society has announced reductions to selected fixed rate products.

Rates have been reduced by up to 30bps across selected two, three and five year fixed-rate mortgages.

The Society has also launched a new limited company buy-to-let product at 5.39% in support of brokers and intermediaries who are working with landlords operating within a limited company structure.

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.”

Details are as follows:

 2 Year Fixed Rate – Available up to 65% LTV

• Fixed rate of 4.60% (was 4.65%)
• £999 completion fee
• Available on purchase and remortgage
• Free standard valuation up to £999
• Fees assisted in-house legal service for remortgages

2 Year Fixed Rate – Available up to 85% LTV

• Fixed rate of 5.65% (was 5.89%)
• No completion fee
• Available on remortgage only
• Free standard valuation up to £999
• Fees assisted in-house legal service for remortgages

3 Year Fixed Rate – Available up to 85% LTV

• Fixed rate of 5.29% (was 5.59%)
• No completion fee
• Available on remortgage only
• Free standard valuation up to £999
• Fees assisted in-house legal service for remortgages

5 Year Fixed Rate – Available up to 85% LTV

• Fixed rate of 4.65% (was 4.84%)
• No completion fee
• Available on purchase only
• Free standard valuation up to £999 

NEW  Limited Company Buy-to-Let 5-Year Fixed Rate – Available up to 75% LTV

• Fixed rate of 5.39% (new product)
• Completion Fee of £1,499
• Available on new purchases and remortgaging